Que 1: Show and explain how each of the following will affect the current supply (increase supply or decrease supply ) for bicycle. a. A rise in wage rates b. An increase in the number of sellers of bicycle. c. A tax placed on the production of bicycle. d. A subsidy placed on the production of bicycle.
Que 1: Show and explain how each of the following will affect the current supply (increase supply or decrease supply ) for bicycle. a. A rise in wage rates b. An increase in the number of sellers of bicycle. c. A tax placed on the production of bicycle. d. A subsidy placed on the production of bicycle.
Chapter2: Using Economics To Study Health Issues
Section: Chapter Questions
Problem 1QAP
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Que 1: Show and explain how each of the following will affect the current supply (increase supply or decrease supply ) for bicycle.
a. A rise in wage rates
b. An increase in the number of sellers of bicycle.
c. A tax placed on the production of bicycle.
d. A subsidy placed on the production of bicycle.
Que 2:. Consider the following statements. show and explain whether the demand curve will shift leftward/downward or rightward/upward.
a. An increase in income(the good under consideration is an inferior good)
b. A rise in the price of a complementary good.
c. A fall in the price of a subtitute good.
d. A rise in the number of buyers.
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