If someone invents a more cost effective way to produce frozen pizzas, then
A. The market supply curve for frozen pizzas will shift to the right.
B. There will be a movement up along the market supply curve for frozen pizzas.
C. There will be a movement down along the market supply curve for frozen pizzas.
D. The market supply curve for frozen pizzas will shift to the left.
Answer: A
You might also like to view...
Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting downward C. Aggregate demand shifting rightward D. Aggregate demand shifting leftward
Which of the following is NOT true about the $3 per pizza tax illustrated in the above figure?
A) It decreases consumer surplus by $90 thousand. B) It decreases producer surplus by $45 thousand. C) It creates a deadweight loss of $135 thousand. D) None of the above because they are all true.
What does the demand curve for a product reflect?
a) the quantity consumers are able to purchase b) the value of the product to consumers c) the cost of the product to consumers d) the price the product will sell for in the market
Refer to the above table. The marginal utility of the 2nd movie for Rosie is
A. 190 units of utility. B. 80 units of utility. C. 95 units of utility. D. 90 units of utility.