If a 4% increase in price leads to a increase in the quantity supplied of 8% ?

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...

Increase unemployment benefits and less incentive to work 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...

If the demand for coffee decreases as income decreases, coffee is ?

A. an inferior good B. a normal good C. a complementary good D. a substitute good...

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...

If your income doubles and the prices of the goods you buy double then your demand for these goods will likely?

A. increase B. not change C. decrease D. shift...