Suppose the demand for hot dogs decreases. In the short run, firms that produce hot dogs will experience a fall in prices, which will induce them to
A) decrease production and reduce the number of workers.
B) decrease production and increase the number of workers.
C) increase production and reduce the number of workers.
D) increase production and increase the number of workers.
A
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A change in quantity demanded
A) is a shift of the demand curve. B) is a movement along the demand curve. C) can be either a shift or a movement along the demand curve. D) is caused when there is a change in a ceteris paribus factor.
Which of the following would shift long-run aggregate supply to the right?
a. increased immigration from abroad b. a decrease in the price of an imported natural resource c. opening the economy to international trade d. All of the above are correct.
Which of the following would cause the supply of dollars curve in the United States to shift to the right?
A. Japanese imports become less popular. B. The value of the dollar falls. C. The supply of dollars decreases. D. Japanese imports became more popular.
Which of the following is not included in M2?
A. Small-denomination time deposits B. Money market mutual funds held by individuals C. Money market deposit accounts D. Money market mutual funds held by institutions