Darnell is skilled at making both earrings and bracelets. Darnell has no preference between making earrings or bracelets since he earns the same amount from the two activities. If the selling price of bracelets decreases from $50 to $25, then Darnell's opportunity cost of making earrings and making earrings is now profitable than making bracelets. Suppose that the earrings market consists of several suppliers like Darnell who are skilled at making both earrings and bracelets. Which of the following is likely to happen to the supply curve of earrings when the price of a bracelets decreases? O It shifts to the right It does not change O It shifts to the left

Darnell is skilled at making both earrings and bracelets. Darnell has no preference between making earrings or bracelets since he earns the same amount from the two activities. If the selling price of bracelets decreases from $50 to $25, then Darnell's opportunity cost of making earrings and making earrings is now profitable than making bracelets. Suppose that the earrings market consists of several suppliers like Darnell who are skilled at making both earrings and bracelets. Which of the following is likely to happen to the supply curve of earrings when the price of a bracelets decreases? O It shifts to the right It does not change O It shifts to the left

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

i have one more chance with this question. i keep getting it wrong. it is a macroecon question 6

Darnell is skilled at making both earrings and bracelets. Darnell has no preference between making earrings or bracelets since he earns the same
amount from the two activities.
If the selling price of bracelets decreases from $50 to $25, then Darnell's opportunity cost of making earrings
and making earrings is
now
profitable than making bracelets.
Suppose that the earrings market consists of several suppliers like Darnell who are skilled at making both earrings and bracelets. Which of the
following is likely to happen to the supply curve of earrings when the price of a bracelets decreases?
O It shifts to the right
It does not change
O It shifts to the left

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