A movement along the supply curve may be caused by ?

Related Mcqs:

A shift in supply will have more effect on price than quantity if ?

A. The price elasticity of supply is – 3 B. The price elasticity of supply is – 0.2 C. The price elasticity of supply is – 2 D. The price elasticity of supply is infinity...

Economists use the term Black Markets for situations where ?

A. goods are sold at prices above legal or official price. B. buyers and/or sellers are not paying taxes as they should C. illegal substances are sold D. transactions are not recorded in the GDP figures....

If two firms doing the same thing in the same industry join together, this is known as a ?

A. vertical merger B. horizontal merger C. conglomerate merger D. hostile takeover...

An inferior good is one for which an increase in income causes a(n) ?

A. decrease in supply B. increase in demand C. increase in supply D. decrease in demand...

Tax shifting ?

A. is the way in which a tax is structured B. is the ultimate distribution of a tax’s burden C. occurs when taxes cause prices to increase but wages to fall D. occurs when house hold can alter their behaviour and do something to avoid paying a tax....