Ceteris paribus, which of the following is most likely to cause a decrease in the supply of skateboards?
A. An increase in the cost of materials used to produce skateboards.
B. An increase in the price of skateboards.
C. An improvement in skateboard-making technology.
D. All of the choices are correct.
Answer: A
Economics
You might also like to view...
Which of the following equations represents the equation of exchange?
A) PM = VY B) MY = PV C) MV = PY D) M = VP/Y
Economics
Give an example of price discrimination
What will be an ideal response?
Economics
A relationship between two events where one event occurring brings about the other is described best as:
A. a pattern. B. a trend. C. causation. D. correlation.
Economics
Transfer payments tend to ________ when overall economic growth is ________.
A. fall; low B. rise; high C. rise; low D. rise; either high or low
Economics