An increase in the costs of production will ?

Related Mcqs:

If a product is a vablen good ?

A. Demand is inversely related to income B. Demand is inversely related to price C. Demand is directly related to price D. Demand is inversely related to the price of substitutes...

Which of the following would decease aggregate demand ?

A. increase consumption B. increasing export revenue C. increased taxation revenue D. increased investment...

The Setrite Corporation produce chairs. An economist working for the firm predicts that if people’s incomes rise next year, then the demand for our chairs will for our chairs will increase ceteris paribus The accuracy of the economist’s prediction depends on whether the chairs Setrite Produce ?

A. have few substitutes. B. are normal goods C. have few complementary goods. D. have many complementary goods....

If a product is an inferior good ?

A. Demand is inversely related to income B. Demand in inversely related to price C. Demand is directly related to price D. Demand is inversely related to the price of substitutes...

Improved training of employees would ?

A. Shift aggregate supply to the right B. Shift aggregate supply to the left C. Shift aggregate demand to the right D. shift aggregate demand to the left...