quantity supplied
What will be an ideal response?
a movement along the curve caused by a change in the price of the good in question
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Figure 9.1 shows three aggregate demand curves. A movement from point b to point c could be caused by a(n)
A) decrease in government spending. B) decrease in the price level. C) decrease in taxes. D) increase in the money supply.
Suppose that in a free market 2,000 patients purchase an operation to receive an artificial heart at a price of $500,000 per operation. Without the heart, each patient will die. The government decides this price is too high and imposes a maximum price of $200,000 . Everything else equal,
a. more patients will now die. b. fewer patients will now die. c. more patients will now die only if the demand curve is vertical. d. more patients will now die only if the demand curve is horizontal.
Which of the following is not true when the firm experiences diminishing marginal product?
A. The total product is decreasing. B. The marginal product of the previous worker is higher than the current worker. C. The firm is operating in the short run. D. The firm's total cost is increasing.
If the price of portable power banks increases, then there will be ________ of portable power banks
A) a decrease in the supply B) an increase in the supply C) an increase in the quantity supplied D) a decrease in the quantity supplied