An increase in the number of producers will:
a. increase the market supply, because the price will rise.
b. increase the market supply only when market demand increases too.
c. increase the market supply, because market supply is the sum of all individual supply curves.
d. increase the market supply only if each supplier has an identical supply curve.
e. decrease the market supply, because firms compete with each other and each firm will supply more.
c
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Of the following OECD countries, which has the best breast cancer and prostate cancer survival rates?
A) the United Kingdom B) Japan C) Canada D) the United States
After adjusting for institutional factors, economists have found that:
A. institutional factors explain some of the lower pay that women receive, but workplace discrimination also appears to play a role. B. workplace discrimination explains all of the pay difference between men and women. C. institutional factors explain all of the pay difference between men and women. D. there is no discrimination; all of the pay difference between men and women can be explained by differences in education and experience.
On January 1, 2001, El Salvador "dollarized" its economy. The U.S. dollar circulated throughout the country along with the Salvadoran colon for the first year. By the end of 2002, the official currency circulating in the economy was the U.S. dollar. El Salvador abandoned its own currency and adopted the currency of the United States because:
A. the government would still be able to finance deficits by printing U.S. dollars, and inflation would be under control. B. the government would still be able to run deficits by printing money. C. with dollars, monetary policy would be more effective at offsetting demand shocks in the economy. D. the government would no longer be able to finance deficits by printing money, and inflation would be under control.
A cost-push inflation spiral results if the Fed's response to stagflation is to keep...
What will be an ideal response?