Which of the following events would cause a movement downward and to the left along the supply curve for mangos?
a. The number of sellers of mangos decreases.
b. There is an advance in technology that reduces the cost of producing mangos.
c. The price of mangos falls.
d. The price of fertilizer increases, and fertilizer is an input in the production of mangos.
c
Economics
You might also like to view...
One of the leading alternative theories to the HO model of international trade is the Human Skills theory, which was developed by
A) Donald Keesing. B) Adam Smith. C) David Ricardo. D) G. D. A. MacDougall.
Economics
Which of the following is not a factor which would be relevant to country risk analysis?
A) political uncertainty B) external debt C) economic growth D) none of the above.
Economics