Danielle Ocean pays for monthly pool maintenance for her home swimming pool. Last week the owner of the pool service informed Danielle that he will have to raise his monthly service fee because of increases in the price of pool chemicals
How is the market for pool maintenance services affected by this?
A) There is a decrease in the demand for pool maintenance services.
B) There is a decrease in the quantity of pool maintenance services supplied.
C) There is an increase in the supply of pool maintenance services.
D) There is a decrease in the supply of pool maintenance services.
D
Economics
You might also like to view...
__________ trading volume promotes __________ bid-asked spreads
A) Large; wide B) Large; narrow C) Small; narrow D) None of the above.
Economics
Suppose the demand for pizza in a small isolated town is p = 10 - Q. There are only two firms, A and B, and each has a cost function TC = 2 + q. Determine the Cournot equilibrium
What will be an ideal response?
Economics