A firm produces volleyballs and soccer balls. What happens to the supply of soccer balls if the market price of volleyballs increases?
A) The opportunity cost of producing soccer balls rises, so the supply curve of soccer balls increases.
B) The opportunity cost of producing soccer balls falls, so the supply curve of soccer balls decreases.
C) The opportunity cost of producing soccer balls rises, so the supply curve of soccer balls decreases.
D) The opportunity cost of producing soccer balls falls, so the supply curve of soccer balls increases.
Correct Answer:
Verified
Q185: A farmer can grow either apples or
Q186: The quantity demanded is the quantity that
Q187: In 2011, revolutions and uprisings spread across
Q188: NAFTA made it _ for Canadian lumber
Q189: Which of the following choices correctly illustrates
Q191: The demand curve has a negative slope.
Q192: When the price of a good goes
Q193: One result of the North American Free
Q194: A farmer can grow soy or sorghum.
Q195: Recall your reading about NAFTA in the
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