A move from H to I represents
A. an increase in quantity supplied.
B. a decrease in quantity supplied.
C. an increase in supply.
D. a decrease in supply.
C. an increase in supply.
You might also like to view...
The excess of total credits over total debits in the current and private capital accounts is called the
A) BOP deficit. B) BOP surplus. C) official settlements account surplus. D) official settlements account deficit.
What are the characteristics of an oligopoly?
Steve borrowed some money from Summit Bank, telling the loan officer that he intended to use the money to remodel his restaurant. After getting the loan, Steve and his girlfriend immediately took the money and went gambling in Vegas
a. This is an example of adverse selection since banks have difficulty selecting their customers. b. This example does not involve asymmetric information. c. From the given information, Steve is the principal and Summit Bank is the agent. d. None of the above are correct.
Hydraulic fracturing has unleashed a large supply of natural gas in the U.S., leading to large decreases in natural gas prices and therefore fertilizer (an important input in corn production) costs. What is the impact of the hydraulic fracturing revolution on the market for corn markets?
A. A shift to the right of the derived demand curve and an increase in the price of corn. B. A shift to the left of the supply curve and an increase in the price of corn. C. A shift to the left of the derived demand curve and a decrease in the price corn. D. A shift to the right of the supply curve and a decrease in the price of corn.