Which of the following would reduce the supply of baseball hats?
a. An increase in the demand for baseball hats.
b. A new tax imposed on the producers of baseball hats.
c. A reduction in the price of cloth used to make baseball hats.
d. All of the above.
B
You might also like to view...
Undistributed profits ________ counted as part of GDP because ________
A) are not; households are not paid by the firms B) are; they can be used to buy other goods C) are; they are considered income paid to households and loaned back to firms D) are not; they are considered an intermediate good E) are; firms are required to pay corporate income taxes on them
With the benefits of international trade:
a. there can be increased consumption for all. b. global production will be increased. c. world resources will be used more efficiently. d. all of these are true.
Other things being equal, the effect of an increase in the price of Coca-Cola would cause a(n):
A. upward movement along the demand curve for Coca-Cola. B. leftward shift in the demand curve for Coca-Cola. C. downward movement along the demand curve for Coca-Cola. D. rightward shift in the demand curve for Coca-Cola.
A narrow definition of monopoly is that a firm is a monopoly if it can ignore
A) government antitrust laws. B) the pricing decisions of firms that produce complementary products. C) the actions of all other firms. D) the pricing decisions of its suppliers.