Answer the following questions true (T) or false (F)
1. Quantity supplied refers to the amount of a good or service that a firm is willing and able to supply at a given price.
2. A positive technological change will cause the supply of a good to increase.
3. An decrease in quantity supplied is represented by a leftward shift of the supply curve.
1. TRUE
2. TRUE
3. FALSE
Economics
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The monopoly can shift the demand for its product rightward by
A) accommodating entry. B) advertising new uses for its product. C) moving along the learning curve. D) All of the above.
Economics
Even if employers are not prejudiced, employee or customer discrimination will tend to be reinforced by market forces and may lead to permanent wage differences between the favored and unfavored groups
a. True b. False
Economics