A decrease in the quantity supplied is represented by a
A) movement down the supply curve.
B) movement up the supply curve.
C) rightward shift in the supply curve.
D) leftward shift in the supply curve.
A
Economics
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Complete this sentence: in a market system income is generally earned
A) independently of acts of exchange and production. B) arbitrarily and randomly. C) unproductively. D) in the process of its creation.
Economics
Exhibit 7-3 Cost per unit curves
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In Exhibit 7-3, if the price of the firm's product is $2.00 per unit, the firm will produce:
A. 5 units per day. B. 10 units per day. C. 15 units per day. D. 20 units per day.
Economics