Which of the following will shift the supply curve for laptop computers to the left?
A) development of a cheaper microchip used in laptop computer production
B) a subsidy to the laptop computer industry
C) expectations of a future decline in laptop computer prices
D) a reduction of the number of firms that make laptop computers
D
Economics
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An upward shift of the planned expenditure curve resulting from a decrease in the price level corresponds to
A) aggregate demand shifting to the left. B) a movement up along the aggregate demand curve. C) a movement down along the aggregate demand curve. D) aggregate demand shifting to the right.
Economics
As a perfectly competitive firm produces at the point where price equals marginal cost, it has no supply curve, only a supply point
a. True b. False Indicate whether the statement is true or false
Economics