In 2007 a company sold 35,000 drones at $150 each.In 2008 the same company sold 40,000 drones at $170 each.This information suggests that
A) The supply of drones increased from 2007 to 2008.
B) The demand for drones increased from 2007 to 2008.
C) The price of drones increased because the costs of production increased from 2007 to 2008.
D) From 2007 to 2008,the demand curve for drones was upward-sloping because of improved technology.
Correct Answer:
Verified
Q62: Assume milk is used to produce ice
Q63: An increase in the equilibrium price of
Q64: A decrease in the price of electricity
Q65: A rightward shift of the market demand
Q66: Suppose there are a series of forest
Q68: Assume peanut butter and jelly are complements.Ceteris
Q69: As a result of a shortage,
A)Consumers increase
Q70: If the quantity demanded of a good
Q71: A leftward shift of the market demand
Q72: Ceteris paribus,an increase in the number of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents