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jonnyjon jonnyjon
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Posts: 450
5 years 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
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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DWFG2796DWFG2796
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Posts: 368
5 years ago
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jonnyjon Author
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Correct Slight Smile TY
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