If catfish farmers expect catfish prices to fall in the future, then right now
A. The market supply curve for catfish will shift to the left.
B. There will be a movement down along the market supply curve for catfish.
C. The market supply curve for catfish will shift to the right.
D. There will be a movement up along the market supply curve for catfish.
Answer: C
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A monopsony is
A) a market in which there is only one producer of a good or service. B) a market in which there is only one producer and one consumer of a good or service. C) a market in which there is only one buyer of a good or service. D) a temporary situation in labor markets when prices are adjusted through the use of collective bargaining.
If Figure 4-8 above is to show the result of a "fully accommodating" monetary policy following a shift of the IS curve from IS0 to IS1, what is the initial level of real income and interest rate before these changes?
A) 3500; 7.5%. B) 4500; 12.5%. C) 5500; 7.5%. D) 4500; 2.5%.
In the short run, the firm's average fixed costs
a. always increase as output increases. b. always decline as output increases. c. equal zero. d. remain constant as output expands.
Which of the following management techniques that were popular during the 1990s can be applied to all three components of an organization's architecture?
A. Economic Value Added B. TQM C. Benchmarking D. Just-In-Time Production and Inventory Control