Which of the following will cause a movement upward along a supply curve?
a. Increases in raw-material costs.
b. Increases in labor costs.
c. Increases in the cost of machinery.
d. Increases in the market price of a good, other things being equal.
d
Economics
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If a competitive market operates perfectly, it relies on
A) the number of people buying goods. B) the laws of supply and demand. C) how much people are willing to pay for the products. D) how many products can be produced for sale.
Economics
With everything else the same, which of the following would increase the demand for U.S. dollars in the foreign exchange market?
I. a rise in the U.S. interest rate II. a fall in interest rates in foreign countries III. a rise in the expected future exchange rate A) I only B) I and II only C) I and III only D) I, II, and III
Economics