If supply increases, then:
A. the quantity demanded will increase.
B. price will increase.
C. demand will increase.
D. the quantity demanded will decrease.
Answer: A
You might also like to view...
Most economists believe that labor unions significantly increase the overall unemployment rate in the United States
Indicate whether the statement is true or false
Which of the following involves payment of part of the face value or principal prior to maturity?
A) fixed-payment loan B) coupon bond C) discount bond D) simple loan
Which of the following would likely cause an increase in the supply of single-serve coffee makers?
A) a decrease in the number of consumers demanding single-serve coffee makers B) an increase in the price of single-serve coffee makers C) a decrease in the cost of manufacturing single-serve coffee makers D) a widespread expectation that the price of single-serve coffee makers will rise in the future
In the above table, if the marginal factor cost is $96, how many workers would be hired?
A) 3 B) 4 C) 5 D) 2