What effect would a change in price of a commodity have o...
What effect would a change in price of a commodity have on its supply?
An increase in supply
No change in supply
A decrease in supply
A change in the quantity supplied
Correct answer is D
A change in the price of a good or service, holding all else constant, will result in a movement along the supply curve. A change in the cost of an input will impact the cost of producing a good and will result in a shift in supply; supply will shift outward if costs decrease and will shift inward if they increase.
All the following are different forms of money except ...
Frictional unemployment can be reduced by ...
Which of the following measures can lead to an increase in exports? ...
In an industrial area, the location of industries is particularly influenced by ...
Which of the following can be added to a firm's profit to obtain total revenue? ...
A production function relates ...
X 2 3 4 5 F 2 5 2 1 What is the ...
To overcome the problem of double counting under the expenditure approach ...
Lord Keynes identified three motives for holding money, that is, keeping one’s resources in li...