A change in the ceteris paribus conditions for supply will lead to a
A) change in quantity supplied.
B) change in supply.
C) change in quantity supplied and a change in supply.
D) change in how consumers view the quality of the good.
Answer: B
You might also like to view...
In the short run, a firm in monopolistic competition produces where
A) MR = MC and economic profit is equal to zero. B) MR = MC. C) the given market price is equal to MC and economic profit is equal to zero. D) the given market price is equal to MC.
Among the subjects covered in macroeconomics are the
A) unemployment rate for the entire labor force, and the causes of the increase in the overall price level. B) causes of the increase in the price of oil relative to other commodities. C) effects of low wages on the laborers' moral. D) causes of the change in the individual firms' profits.