Table 27 a Price$35,000$30,000$25,000$20,000$15,000 Quantity Demanded in January35,00040,00045,00050,00055,000 Quantity Demandedin February40,00045,00050,00055,00060,000
-Assume Table 27b represents supply schedules for Ford Explorers. In January Ford Motor Company would have been willing to supply 55,000 cars at a price of $35,000 and 40,000 cars at a price of $20,000. This change from $35,000 to $20,000 represents
A) an increase in supply. B) an increase in quantity supplied. C) an decrease in supply. D) a decrease in quantity supplied.
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