Refer to the figure below. An increase in supply is represented by a shift from: 
A. curve C to curve B.
B. curve A to curve B.
C. curve B to curve A.
D. curve C to curve D.
Answer: B
You might also like to view...
Savings deposits are ________ the M1 measure of money and ________ the M2 measure of money.
A. included in; included in B. excluded from; included in C. excluded from; excluded from D. included in; excluded from
An investment grows from $100.00 to $150.00 or 50% over five years. What annual increase gives a 50% increase over five years?
a. 7.05% b. 3.10% c. 11.30% d. 8.45% e. none of the above
When demand is inelastic
A) quantity demanded is very responsive to a change in price. B) quantity demanded is not very responsive to a change in price. C) the proportional change in quantity demanded is equal to the proportional change in price. D) producers react quickly to price changes.
The parameter A re-scales the production function -- allowing us to transform a decreasing returns to scale production function to an increasing returns to scale production function.
Answer the following statement true (T) or false (F)