An increase in quantity supplied
a. results in a movement downward and to the left along a fixed supply curve.
b. results in a movement upward and to the right along a fixed supply curve.
c. shifts the supply curve to the left.
d. shifts the supply curve to the right.
b
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From 1980 to the mid 1990s the number of independent banking organizations in the United States
A) rose about 10%. B) stayed roughly constant. C) fell about 10%. D) fell about 35%.
If the market for a good is initially in equilibrium and there is a rightward shift of the demand curve, then
a. the equilibrium price will fall b. there will be a rightward movement along the supply curve c. the supply curve will also shift to the right d. the supply curve will shift to the left e. the demand curve will shift back as consumers react to the higher equilibrium price
The extra Marginal Utility that winning an extra dollar in prize money from a gamble provides is assumed to ____________ as more dollars are won.
Fill in the blank(s) with the appropriate word(s).
If there is an advancement in the technology used to produce a product, what is the likely effect it may have on the supply?
A. The company would not change its manufacturing. B. More people would be needed to produce the product. C. It would decrease the supply. D. It would increase the supply.