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.Management Sciences
A. Lead to a contraction of supply
B. Lead to an expansion of supply
C. Lead to a shift in supply outwards (i.e more supplied at each and every price)
D. Lead to a higher equilibrium and lower equilibrium quantity
Related Mcqs:
- An increase in the price of a complement for product A would ?
- A. Shift demand for Product A outwards B. Shift demand for product A inwards C. Shift supply for product A outwards D. Shift supply for product A inwards...
- An increase in aggregate demand will have most effect on prices if ?
- A. Aggregate supply is price inelastic B. Aggregate supply is price elastic C. Aggregate supply has a unitary price elasticity D. Aggregate demand is price inelastic...
- If a firm wage costs increase this will cause __________ and __________?
- A. marginal cost to increase, output to fall B. marginal revenue to increase output to fall C. opportunity cost to increase the firm will close D. average cost will rise output will increase ____ output and an upward shift in marginal revenue ____ output...
- When the market operates without interference, price increases will distribute what is available to those who are willing and able to pay the most. This process is known as ?
- A. Quantity setting B. price fixing C. price rationing D. quantity adjustment....
- The extra utility from consuming one more unit of a good is called ?
- A. Marginal utility B. Additional utility C. Surplus utility D. Bonus utility...
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