A decrease in the price of pork will result in
A) a smaller quantity of pork supplied.
B) a larger quantity of pork supplied.
C) a decrease in the demand for pork.
D) an increase in the supply of pork.
Answer: A
Economics
You might also like to view...
Returns to monopsony power occur because the wage rate < MRP for the last worker hired
Indicate whether the statement is true or false
Economics
Christopher needs to hire an accountant but does NOT know how to find a good one. The accountant can best be regarded as a(n)
A. experience good. B. credence good. C. inferior good. D. search good.
Economics