A decrease in the price of a good will
a. increase supply
b. decrease supply.
c. increase quantity supplied.
d. decrease quantity supplied.
d
You might also like to view...
Spending a lot on advertising:
A. can act as a credible signal to consumers of high-quality products. B. does not serve as a credible signal to consumers, since any producer can do it. C. can act as a credible signal to producers to create high quality substitutes. D. can act as a credible signal to consumers of low-quality products.
The process of countries becoming more open to foreign trade and investment is known as
A) autarky. B) foreign exchange. C) globalization. D) protectionism.
An asset that can be converted quickly into cash at a low transaction cost is known as
A. a liquid asset. B. deposits. C. credit card D. None of the above is correct.
In the figure above, what is Gap's excess capacity?
A) 32 jackets per day B) zero C) 4 jackets per day D) 132 jackets per day