Which of the following would not cause the market supply of cell phones to change?
A. Taxes levied on cell phone production are reduced.
B. Telecommunications are deregulated, and anyone who wants to can produce and sell cell phones.
C. A reduction in the demand for cell phones causes the price to fall.
D. A cheaper technology for producing plastics used in producing cell phones is developed.
Answer: C
You might also like to view...
The relative flexibility of the United States labor market explains why ________ in the United States than in Europe
A) income inequality is greater B) real wages grow more slowly C) unemployment is lower D) all of the above
Althea, a brilliant new Ph.D. in economics, has turned down many job offers because she hopes eventually to teach at one of the top 10 universities in her field. The type of unemployment she is experiencing is:
a. frictional. b. structural. c. seasonal. d. cyclical. e. underemployment.