(1)(2)(3)(4)(5)QdQdPriceQsQs5040$1070806050960708060850609070740501008063040Refer to the above table. In relation to column (3), a change from column (2) to column (1) would indicate a(n):
A. decrease in demand.
B. increase in supply.
C. decrease in supply.
D. increase in demand.
Answer: D
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A. decrease prices. B. decrease output. C. lay off workers. D. increase output.
The manager-stockholder conflict generally becomes worse
A) the smaller the firm. B) the larger the firm. C) the more the firm borrows from banks. D) the less the firm borrows from banks.
Reductions in the personal income tax, often advocated by supply-siders to increase labor supply and effort, can be expected to also
a. decrease consumption spending. b. increase consumption spending. c. decrease investment spending. d. increase export sales.
When a tax is placed on the sellers of cell phones, the size of the cell phone market
a. and the effective price received by sellers both increase. b. increases, but the effective price received by sellers decreases. c. decreases, but the effective price received by sellers increases. d. and the effective price received by sellers both decrease.