Assume that the price for swimming pool maintenance services has risen and sales of these services have fallen. One can conclude O A. the law of supply has been violated. O B. the supply of swimming pool maintenance services has decreased. O C. swimming pool maintenance services are becoming more technologically advanced. O D. the demand for swimming pool maintenance services has decreased. the domand for swimming pool maintenance services has increased.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
icon
Related questions
Question
Assume that the price for swimming pool maintenance services has risen and sales of these services have fallen. One can conclude that
O A. the law of supply has been violated.
B. the supply of swimming pool maintenance services has decreased.
O C. swimming pool maintenance services are becoming more technologically advanced.
O D. the demand for swimming pool maintenance services has decreased.
O E. the demand for swimming pool maintenance services has increased.
Transcribed Image Text:Assume that the price for swimming pool maintenance services has risen and sales of these services have fallen. One can conclude that O A. the law of supply has been violated. B. the supply of swimming pool maintenance services has decreased. O C. swimming pool maintenance services are becoming more technologically advanced. O D. the demand for swimming pool maintenance services has decreased. O E. the demand for swimming pool maintenance services has increased.
Expert Solution
steps

Step by step

Solved in 3 steps with 1 images

Blurred answer
Knowledge Booster
Elasticity of demand
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education