The supply schedule assumes that factors other than:
A. supply must change.
B. supply remain the same.
C. price remain the same.
D. price must change.
Answer: C
You might also like to view...
The unemployment rate is at the natural unemployment rate when
A) frictional unemployment equals zero. B) structural unemployment equals zero. C) cyclical unemployment equals zero. D) all types of unemployment equal zero.
The symmetry principle is the requirement that
A) people in similar situations be treated similarly. B) Society's income be distributed symmetrically among its members. C) the poorest 20 percent of households should receive the same total income as the richest 10 percent of households. D) the average person be made as well off as possible.
What did automobiles and government subsidized highways increase the net benefits of?
(a) Investing privately in highway development (b) Rapid expansion of new cities and towns and revitalization in old cities and towns (c) Development of suburban and exurban areas (d) All of the above
As the price of a computer falls, overall
a. the marginal utility of computers rises b. the total utility of computers falls c. the total utility per dollar spent on computers falls d. individuals would purchase fewer computers in equilibrium e. individuals would purchase more computers in equilibrium