What is the event that changes the quantity of tennis lessons supplied, and what is the event that changes the supply of tennis lessons? If the price of a tennis lesson rises, the ________, but if more people become tennis coaches, the ________. A. the supply of tennis lessons decreases; quantity supplied increases B. the supply of tennis lessons increases; quantity supplied decreases C. quantity supplied increases; the supply of tennis lessons increases D. quantity supplied decreases; the supply of tennis lessons increases
What is the event that changes the quantity of tennis lessons supplied, and what is the event that changes the supply of tennis lessons? If the price of a tennis lesson rises, the ________, but if more people become tennis coaches, the ________. A. the supply of tennis lessons decreases; quantity supplied increases B. the supply of tennis lessons increases; quantity supplied decreases C. quantity supplied increases; the supply of tennis lessons increases D. quantity supplied decreases; the supply of tennis lessons increases
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter8: Understanding Markets And Industry Changes
Section: Chapter Questions
Problem 4MC
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What is the event that changes the quantity of tennis lessons supplied, and what is the event that changes the supply of tennis lessons? If the price of a tennis lesson rises, the ________, but if more people become tennis coaches, the ________.
A. the supply of tennis lessons decreases; quantity supplied increases
B. the supply of tennis lessons increases; quantity supplied decreases
C. quantity supplied increases; the supply of tennis lessons increases
D. quantity supplied decreases; the supply of tennis lessons increases
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