Which of the following is a determinant of market supply but not the supply curve of an individual firm?
A. Expectations.
B. Technology.
C. The price of factor inputs.
D. The number of firms in the market.
Answer: D
You might also like to view...
Macroeconomics would be concerned with
A) implications of changes in unemployment and inflation. B) the effects on individual consumers of changes in the price of gasoline for a business. C) the effects of a tax on beer. D) the effects of wage increases on steel manufacturers.
Requiring cars in Los Angeles to reduce pollution by the same amount as cars in Topeka is inefficient
a. True b. False Indicate whether the statement is true or false
Gross domestic product is equal to the market value of all goods and services
a. exchanged during a period. b. produced domestically during a period. c. produced by the citizens of a nation during a period. d. produced domestically during a period minus the depreciation of productive assets.
Other things the same, what happens to the price level and the quantity of output when the short run aggregate supply curve shifts to the right?