Producers of tablet computers will be able to lower the wage rate that they pay to their workers. You are asked to predict the effects on the supply of tablet computers, and the price of a tablet computer. You predict that the supply curve shifts
A) rightward, and the price is constant.
B) leftward, and the price is constant.
C) rightward, and the price falls.
D) leftward, and the price rises.
C
Economics
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A price floor is a price
A) below which a seller cannot legally sell. B) above which a seller cannot legally sell. C) that creates a shortage of the good if it is set above the equilibrium price. D) Both answers A and C are correct. E) Both answers B and C are correct.
Economics
Most economists believe the LM curve to be
A) horizontal most of the time. B) upward-sloping. C) vertical. D) downward-sloping.
Economics