Which of the following would cause an increase in the market supply of drones?
A. an increase in the number of firms making drones
B. an increase in the cost of components used to make drones
C. an increase in taxes levied on drones
D. a decrease in the demand for drones
Answer: A
You might also like to view...
All else equal, an increase in population decreases potential GDP
Indicate whether the statement is true or false
In the long-run equilibrium, perfectly competitive firms produce where
A) marginal cost is minimized. B) average total cost is minimized. C) average revenue is zero. D) All of the above are correct.
Lately, the ratio of debt to GDP has been
a. rising at a small rate. b. rising steadily. c. falling modestly. d. staying constant.
Supply-side tax cuts are more likely to have the intended beneficial effect on
a. budget deficits. b. consumer spending. c. investment spending. d. net exports.