A typical supply curve shows that an increase in the price of a good will cause the quantity supplied to:

A. decrease.
B. increase.
C. remain constant.
D. fluctuate randomly around its equilibrium value.

Ans: B. increase.

Business

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In determining lifetime value for individual customers, customer acquisition costs are determined by:

A) dividing advertising costs by the number of customer transactions B) dividing the total marketing and advertising costs by the number of new customers C) dividing the total marketing and advertising costs by the number of total customers D) dividing the advertising costs associated with acquiring new customers by the number of new customers

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Using XL Data Analyst, selecting subsets of the data for analysis requires which of the following operations?

A) Utilities-Filter Data B) Utilities-Unfilter Data C) Selection-Filter Data D) Selection-Subset-Analysis E) Selection-Data-Subset

Business