Refer to the following graph. An increase in supply is reflected as
a. a shift of the supply curve from S to S2.
b. a shift of the supply curve from S to S1.
c. a shift of the supply curve from S1 to S2.
b. a change in the quantity supplied from 6.8 to 5.2 million minutes when price is $12.50.
b. a shift of the supply curve from S to S1.
Economics
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When economists study the behavior of buyers, they are studying:
A) supply. B) the role of government. C) demand. D) psychology.
Economics
One way to invest in human capital is by
a. increasing your education. b. avoiding on-the-job training programs. c. doing nothing; it is impossible to improve your human capital. Human capital is solely determined by the abilities that you are born with. d. investing in physical capital.
Economics