Which of the following would not cause the market supply of cell phones to change?
A) Telecommunications are deregulated,and anyone who wants to can produce and sell cell phones.
B) A cheaper technology for producing plastics used in producing cell phones is developed.
C) A reduction in the demand for cell phones causes the price to fall.
D) Taxes levied on cell phone production are reduced.
Correct Answer:
Verified
Q36: A change in demand means there has
Q37: Assume that pencils and pens are substitutes.If
Q38: Ceteris paribus,if buyers expect the price of
Q39: Market demand is determined by all of
Q40: Assume a series of forest fires reduces
Q42: Ceteris paribus,which of the following is most
Q43: A shift in supply is defined as
Q44: If there is a shortage at a
Q45: To calculate market supply,we
A)Add the quantities supplied
Q46: At the equilibrium price,there are
A)Shortages.
B)Surpluses.
C)Excess inventories.
D)No shortages
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