The above figure shows the market for laptops. Which of the following shifts the supply curve from S0 to S2?
A) an increase in the cost of hard drives
B) an increase in the productivity of the workers manufacturing laptops
C) a decrease in the price of laptops
D) an increase in the price of laptops
E) a decrease in the number of laptop manufactures and sellers
B
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Legislators in a democracy are more likely to support special interests than the broad interests of citizens generally because
A) incumbents have such powerful advantages in election campaigns. B) money plays such a large role in political campaigns. C) they cannot know what the public interest requires in the absence of market information. D) they do not have to fear being voted out of office. E) they pay attention to the people paying attention to them.
What is a compensating differential?
What will be an ideal response?