A move from G to H represents
A. an increase in quantity supplied.
B. a decrease in quantity supplied.
C. an increase in supply.
D. a decrease in supply.
A. an increase in quantity supplied.
You might also like to view...
The market price of one currency in terms of another currency is also known as
A) the exchange rate between those currencies. B) the future rate between those currencies. C) the spot market. D) the value of arbitrage.
Which of the following is true of a perfectly competitive firm?
a. The firm is a price maker. b. If the firm wishes to maximize profits it will produce an output level in which total revenue equals total cost. c. The firm will not earn an economic profit in the long run. d. The firm's short-run supply curve is its MC curve below its AVC curve.
It pays the firm to produce only if total variable costs exceed total revenue
a. True b. False Indicate whether the statement is true or false
When a banker accepts a deposit of $1,000 in cash and puts $200 aside as required reserves and then makes a loan of $800 to a new borrower, this set of transactions
a. decreases the money supply by $1,000. b. decreases the money supply by $200. c. does not change the money supply. d. increases the money supply by $200. e. increases the money supply by $800.