Refer to the figure below. Suppose the solid line represents the current supply of Star Wars action figures. If the price of the plastic used to make action figures rises, current supply will: 
A. not change; only the quantity supplied will change.
B. shift to S(A).
C. shift to S(B).
D. not change because a change in the price of plastic will not affect the demand for action figures.
Answer: B
Economics
You might also like to view...
Economists pay special attention to making choices at the margin
a. true b. false
Economics
In 1998 the US Justice Department and 20 state attorneys general filed a suit against Microsoft alleging that Microsoft tried to protect its operating system monopoly and extend that monopoly into internet software. This is an example of
a. predatory pricing b. antitrust enforcement c. economic regulation d. social regulation e. the regulatory dilemma
Economics