Which of the following would lead to a decrease in the supply of watches?
a. An increase in the price of watches
b. A decrease in the price of watches
c. A decrease in the expected future price of watches
d. None of the above
d
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In the United States, the rich pay a disproportionate share of the cost of government
Indicate whether the statement is true or false
There is a movement along the demand for money curve if
A) the nominal interest rate rises. B) there is an economic expansion so that real GDP increases. C) banking customers use ATM machines more. D) the price level increases.
A market with few sellers, some influence over price, high barriers to entry, a differentiated product, and non-price competition is known as
A) perfect competition. B) monopolistic competition. C) oligopoly. D) monopoly.
What variable adjusts to balance demand and supply in the market for loanable funds?