The inverse supply curve of coffee beans equals P = -5 - 2rain + Qs, where rain equals the number of inches of rain per year. How much does quantity supplied change when rain increases from 30 inches to 40 inches per year?

A) Qs decreases by 40.
B) Qs increases by 40.
C) Qs increases by 30.
D) Qs decreases by 30.

B

Economics

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Supply might ___________________because of a decrease in the cost of inputs.

Fill in the blank(s) with the appropriate word(s).

Economics

When poverty is defined by an absolute real income level, what will happen to the poverty rate if income per capita in a country continues to grow?

A) The poverty rate will increase forever. B) The poverty rate will eventually be zero. C) The poverty rate will increase and then decrease. D) The poverty rate will never change.

Economics