A shift occurs in the supply curve for salt when:
a. the price of salt increases.
b. improvements are made in the production process.
c. salt is found to be associated with high blood pressure.
d. consumers expect the price of salt to increase in the future.
b
Economics
You might also like to view...
People often complain bitterly when they learn that CEOs of non-profit companies like the United Way or the Red Cross earn salaries commensurate to what could be earned in by CEOs employed by for-profit companies? Is this complaint valid? Explain
What will be an ideal response?
Economics
The decreasing portion of a firm's long run average cost curve is attributable to:
A. diminishing returns to scale. B. increasing marginal cost. C. economies of scale. D. diseconomies of scale.
Economics