The price of steel, which is used to make paper clips, has increased. The increased price of steel will cause the market supply curve for paper clips to ___ A. Increase B. Decrease C. Stay the same
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The price of steel, which is used to make paper clips, has increased. The increased price of steel will cause the market supply curve for paper clips to ___
A. Increase
B. Decrease
C. Stay the same
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- If Iphones and Ipads are manufactured in the same facility and the price of Iphones increases, what would happen to our Ipad supply diagram? A. There would be a leftward shift in supply of Ipads B. There would be a rightward shift in the supply of Ipads.How would a decrease in the cost of production affect the market for new washing machines? O Supply would decrease, leading to a reduction in price and a reduction in quantity sold. O Supply would increase, leading to a reduction in price and an increase in quantity sold. Supply would decrease, leading to an increase in price and a reduction in quantity sold. Supply would increase, leading to an increase in price and an increase in quantity sold.Which of the following would NOT shift the supply curve of laptops to the right: *A.an advancement in the technology used in manufacturing laptopB.manufacturers’ expectations of lower watch prices in the futureC.an increase in the price of laptopD.a decrease in the wages/salaries of workers employed to manufacture laptops
- DRAW THE LAW OF DEMAND CURVE. NOW SHOW WHAT HAPPENS WHEN THE PRODUCT PRICE GOES DOWN-Which of the following would NOT cause the supply curve of smartphones to shift? A B C D a decrease in the number of smartphone producers an increase in the price of smartphones an improvement in the technology of producing smartphones an increase in the productivity of smartphone workersWhich of the following moves the pizza market upalong a given supply curve?a. an increase in the price of pizzab. an increase in the price of root beer, acomplement to pizzac. a decrease in the price of cheese, an input topizzad. a kitchen fire that destroys a popular pizza joint
- Consider the market for wood burning stoves, if there is a decrease in the price of electricity and natural gas. Change in demand? Change in supply? Change in market equlibrium price? Change in market equlibrium quantity? Graph?Describe how each of the following will affect the supply of personal computers:a. A rise in wage ratesb. An increase in the number of sellers of computersc. A tax placed on the production of computersd. A subsidy for the production of computersc. More computers are produced and sold at the lower price than at the higher price. Does this mean the price effect doesn't apply to the supply of computers? Explain.
- When economists say the quantity supplied of a product has decreased, they mean the supply curve has shifted to the right. price of the product has risen, and consequently, suppliers are producing more of it. O price of the product has fallen, and consequently, suppliers are producing less of it.According to the LAW OF SUPPLY, when the price of a product increases producers will.. Produce More O Produce LessConsider the market gold, if people expect a lower future price of gold. Change in demand? Change in supply? Change in market equlibrium price? Change in market equlibrium quantity? Graph?