Which of the following would cause an increase in the supply of cheese?
A) a decrease in the price of wine (assuming that cheese and wine are complements)
B) an increase in the price of cheese
C) an increase the price of a product that producers sell instead of cheese
D) an increase in the number of firms that produce cheese
Answer: D
Economics
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A) more work experience B) more training C) more schooling D) a higher wage rate
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All possible efficient allocations of 2 goods between 2 people are located on
A) the indifference curve. B) the contract curve. C) the production possibilities frontier. D) the budget line.
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