With an upward-sloping supply curve, which of the following is true?
a. An increase in price results in an increase in supply.
b. A decrease in price results in a decrease in quantity supplied.
c. A decrease in price results in an increase in supply.
d. An increase in price results in a decrease in quantity supplied.
b
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Why might an increase in the minimum wage cause more unemployment among those with the least education, job experience and maturity?
What will be an ideal response?
Which of the following are bank assets?
A) the building owned by the bank B) a discount loan C) a negotiable CD D) a customer's checking account
Refer to the information above. What is the level of unintended inventory investment when income is 850?
A) -175 B) 175 C) -200 D) 200
Refer to the accompanying figure. Suppose the solid line represents the current supply of Star Wars action figures. If retailers learn that a new Star Wars movie will be released in several months, this news is likely to cause:
A. a decrease in the quantity supplied, but no change in current supply. B. current supply to shift to S(B) in anticipation of higher future prices. C. neither a change in supply nor a change in quantity supplied since only future demand will change. D. current supply to shift to S(A) in anticipation of higher future prices.