If new manufacturers enter the computer industry, then (ceteris paribus):
a. some established manufacturers must exit the industry.
b. the equilibrium price of computers must rise
c. the supply curve shifts to the right.
d. the supply curve shifts to the left.
c
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Pork can be used to produce bacon or sausage, but not both. If the price of bacon rises for some reason, then, everything else equal,
A. the price of sausage will rise. B. the price of sausage will fall. C. the resources used in raising pork will become more expensive. D. the resources used in raising pork will become less expensive.
An increase in the price level is called
a. the Consumer Price Index b. inflation c. deflation d. stagflation e. nominal pricing
Which of the following statements is correct?
a. Stocks, bonds, and deposits are all similar in that each provides a common medium of exchange. b. Most buyers of stocks and bonds prefer those issued by large and familiar companies. c. Banks charge borrowers a slightly lower interest rate than they pay to depositors. d. None of the above is correct.
Ceteris paribus, if the Fed sells bonds through open market operations, the money
A. Demand curve should shift rightward. B. Supply curve should shift leftward. C. Supply curve should shift rightward. D. Demand curve should shift leftward.