Which of the following would shift the supply curve for CDs to the right?
a. a decrease in the price of materials used to make CDs
b. a rise in the cost of labor used to make CDs
c. an increase in the price of audio cassettes
d. a decrease in the number of suppliers
e. an increase in the price of CDs
A
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According to the law of demand, consumers will
A) change their production plans when the price of a good changes. B) change their consumption plans when the price of a good changes. C) change their demand when the price of a good changes. D) increase their quantity demanded when the price of a good increases. E) decrease their quantity demanded when the price of a good decreases.
If speculators bid up the value of the dollar in the market for foreign-currency exchange, U.S. aggregate demand would shift to the left
a. True b. False Indicate whether the statement is true or false
Shift to the left or right for supply: business taxes decrease or subsidaries increase
What will be an ideal response?
Suppose that a pure monopolist can sell 20 units of output at $10 per unit and 21 units at $9.75 per unit. The marginal revenue of the 21 st unit of output is:
A. $9.75. B. $204.75. C. $4.75. D. $.25.