Which of the following is not an example of the law of supply?
(A) A furniture manufacturer raises the price and increases the number of sofas it produces.
(B) More consumers are buying sofas than ever before.
(C) A furniture store raises the price of its sofas since they can sell more.
(D) A competitor produces more sofas after the price is raised.
Ans: (B) More consumers are buying sofas than ever before.
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A one-year discount bond has a face value of $1000 and price of $880. What is the yield to maturity on the bond? Report using percentages with two decimal places
What will be an ideal response?
The graph shown best represents:
A. a non-binding price ceiling.
B. a non-binding price floor.
C. a missing market.
D. a market for an inferior good.
Firms have started to use ____ to solicit information about event that are important to them
A) internal markets B) external networks C) prediction markets D) none of these choices.
John Maynard Keynes referred to economics as an easy subject,
a. at which very few excel. b. but not as easy as philosophy or the pure sciences. c. which very few can enjoy. d. which deals primarily with common sense.