Increase in supply mean a new supply (subsidy) line . . .
What will be an ideal response?
Rightward
You might also like to view...
The price of an exhaustible resource sold in a perfectly competitive market in which technology and consumer preferences do not change over time will tend to
a. stay constant over time. b. always equal the price of the closest substitute for that resource. c. fall over time. d. rise over time.
An increase in the perceived riskiness of Company A stock ________ the risk premium investors require to purchase Company A stock and ________ the price of Company A stock.
A. decreases; decreases B. increases; decreases C. decreases; increases D. increases; increases
Over the past century, the average household income in the United States
A. has increased in nominal terms but has decreased in real terms. B. has increased in nominal terms but has remained constant in real terms. C. has increased in real terms. D. has increased only marginally both in real and nominal terms.
A market demand schedule for a product indicates that:
a. As the product's price falls, consumers buy less of the good b. There is a direct relationship between price and quantity demanded c. As a product's price falls, consumers buy more of the product. d. There is an upward-sloping (direct) relationship between price and quantity demanded