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NYC NYC
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8 years ago
An electronics manufacturer can produce either MP3 players or cell phones. As the result of a decrease in the price of cell phones, the firm produces more MP3 players and fewer cell phones. An economist would explain this by saying:
A) there has been a decrease in the quantity supplied of cell phones and an increase in the supply of MP3 players.
B) there has been an increase in the quantity supplied of cell phones and a decrease in the quantity supplied of MP3 players.
C) the supply of cell phones increased and the quantity supplied of MP3 players decreased.
D) the supply of cell phones increased and the supply of MP3 players decreased.
Textbook 
Principles of Macroeconomics

Principles of Macroeconomics


Edition: 11th
Authors:
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JesslynJesslyn
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NYC Author
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#2
8 years ago
Perfect answer, thank you
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