Which of the following will cause a movement along the supply curve?
a. An increase or decrease in the raw materials costs.
b. An increase in labor costs.
c. Changes in the cost of the machinery used to make a good.
d. Changes in the market price of a good, other things held constant.
d
Economics
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Keynes argued that the downward slope of the demand for money curve depends on the:
a. equation of exchange. b. rate of interest. c. federal funds rate. d. discount rate.
Economics
If the production possibilities curve is a straight line,
a. opportunity costs rise as output of either commodity is expanded. b. resources are not equally productive in the production of both goods. c. opportunity costs are negative. d. resources can be moved from the production of one good to production of others with no loss of productivity.
Economics