Other things constant, how will a decrease in the wages of teenagers affect the market for fast food hamburgers?
a. The supply of fast food hamburgers will increase, leading to an increase in the price of hamburgers.
b. The supply of fast food hamburgers will increase, leading to a reduction in the price of hamburgers.
c. The supply of fast food hamburgers will decrease, leading to an increase in the price of hamburgers.
d. The supply of fast food hamburgers will decrease, leading to a reduction in the price of hamburgers.
B
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If the demand for software engineers ____ slower than does supply, wages of software engineers will ____
a. increases; remain constant b. increases, rise c. increases; fall d. decreases; fall
A change in demand of a good is shown by a:
A. movement along a demand curve. C. movement along the demand function. D. shift of the demand function.