Exhibit 4-15
-In Exhibit 4-15,an increase in quantity supplied from 13 to 17 units can result from all of the following,except:
A) An increase in price from $12 to $15,along S
B) An increase in price from $7 to $12,along S'
C) An increase in the number of producers when the price is $12
D) An increase in the price of alternative goods when the price is $12
E) A decrease in the price of a relevant resource when the price is $12
Correct Answer:
Verified
Q65: Assume that corn and soybeans are alternatives
Q102: Exhibit 4-15 Q102: A decrease in the price of peanuts Q103: Larger quantities of any good will be Q109: The market supply curve of a particular Q115: An improvement in technology would shift Q119: If the supply curves for the following Q125: Which of the following would cause an Q129: Recently it has been discovered that lobsters Q140: Which of the following events would increase
A)the demand
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