Suppose a lawn care company adopts a new scheduling software to replace its old system of filling out paper calendars. Which factor of supply does this scenario exemplify? A) Technology B) Price of input C) Number of sellers D) Expectation of the future In the following example name the factor that affects demand and describe its impact on your demand for a new cell phone: you hear a rumor that a new and improved model of the phone you want is coming out next year. A) Expectations, and your demand will decrease B) Income; your demand will decrease C) Price of related goods; your demand will decrease D) Number of buyers; your demand will decrease

Suppose a lawn care company adopts a new scheduling software to replace its old system of filling out paper calendars. Which factor of supply does this scenario exemplify? A) Technology B) Price of input C) Number of sellers D) Expectation of the future In the following example name the factor that affects demand and describe its impact on your demand for a new cell phone: you hear a rumor that a new and improved model of the phone you want is coming out next year. A) Expectations, and your demand will decrease B) Income; your demand will decrease C) Price of related goods; your demand will decrease D) Number of buyers; your demand will decrease

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter3: Supply And Demand: Theory

Section: Chapter Questions

Problem 19QP

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