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wrote...
Posts: 67
2 weeks ago

Question 1.




Refer to the above figure. A movement from point A to point B for a good is most likely a result of

• an expectation of a decrease in the relative price of that good.

• a decrease in the price of that good.

• an expectation of an increase in the relative price of that good.

• an increase in the price of that good.

Question 2.

Which of the following will NOT cause a rightward shift in the supply curve?

• a reduction in the expected future price

• a reduction in resource costs

• an improvement in technology

• none of the above
Source  Download
Economics Today: The Micro View
Edition: 19th
Author:
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wrote...
Posts: 62
2 weeks ago
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Answer 1

a decrease in the price of that good.

Answer 2

none of the above
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