C. There have recently been some important cost-saving inventions in the A. Demand shifts out technology for making paint. B. Increase in quantity supplied H. v Paint is lasting longer, so that property owners need not repaint as often. C. supply shifts out E. v Because of severe hailstorms, many people need to repaint now. D. Supply shifts in C. v The hailstorms damaged several factories that make paint, forcing them to E. Increase in quantity demanded close down for several months. G. v The price of paint increases. F. Decrease in quantity supplied A. v The price of input costs decrease for suppliers G. Quantity demanded decreases H. Demand shifts in I. Neither demand nor supply affected

C. There have recently been some important cost-saving inventions in the A. Demand shifts out technology for making paint. B. Increase in quantity supplied H. v Paint is lasting longer, so that property owners need not repaint as often. C. supply shifts out E. v Because of severe hailstorms, many people need to repaint now. D. Supply shifts in C. v The hailstorms damaged several factories that make paint, forcing them to E. Increase in quantity demanded close down for several months. G. v The price of paint increases. F. Decrease in quantity supplied A. v The price of input costs decrease for suppliers G. Quantity demanded decreases H. Demand shifts in I. Neither demand nor supply affected

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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