QUESTION 9 A decrease in quantity supplied O a. results in a movement downward and to the left along a fixed supply curve. O b.results in a movement upward and to the right along a fixed supply curve. O C. shifts the supply curve to the right. O d. shifts the supply curve to the left.
QUESTION 9 A decrease in quantity supplied O a. results in a movement downward and to the left along a fixed supply curve. O b.results in a movement upward and to the right along a fixed supply curve. O C. shifts the supply curve to the right. O d. shifts the supply curve to the left.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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QUESTION 9
A decrease in quantity supplied
O a. results in a movement downward and to the left along a fixed supply curve.
O b.results in a movement upward and to the right along a fixed supply curve.
O C. shifts the supply curve to the right.
O d. shifts the supply curve to the left.
QUESTION 10
If suppliers expect the price of their product to fall in the future, then they will
O a. decrease supply now.
O b.decrease supply in the future but not now.
Oc. increase supply now.
Od.increase supply in the future but not:
ow.
QUESTION 11
Figure 4-20
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