If the number of sellers decreases, then the supply curve ________ and the supply ________
A) shifts rightward; increases
B) shifts leftward; decreases
C) does not shift; does not change, but there is a decrease in the quantity supplied
D) shifts leftward; increases
E) shifts rightward; decreases
B
Economics
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Most U.S. workers have wages well above the legal minimum, so minimum-wage laws do not prevent the wage from adjusting to balance supply and demand
a. True b. False Indicate whether the statement is true or false
Economics
The act of Congress which prohibited "unfair or deceptive acts or practices in commerce" is called
A. the Federal Trade Commission Act of 1914. B. the Sherman Act. C. the Clayton Act. D. the Robinson-Patman Act.
Economics