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

Related Mcqs:

Assuming a downward sloping demand curve and upward sloping supply curve a higher equilibrium price may be caused by ?

A. An fall in demand B. An increase in supply C. improvements in production technology D. An increase in demand...

Comparing a monopoly and competitive firm, the monopolist will ?

A. produce less at a lower price B. produce more at a lower price C. produce less at a higher price D. produce less at a lower price...

Except for taxes to offset ______ taxes are ______?

A. imperfect competition popular B. externalities , distortionary C. inequality , a first best option D. poor health, unnecessary...

Economics say that there has to be some from of rationing whenever ?

A. inflation occurs B. there are externalities C. merit goods are produced D. there is excess demand...

Satellite television subscription and television detection devices are ways in which broadcasting companies address the ________ problem?

A. externality B. market imperfection C. deadweight burden D. free rider...