If input prices rose and production technology improved at the same time, as a result:
A) prices would rise.
B) prices would fall.
C) larger quantities to be exchanged.
D) smaller quantities to be exchanged.
E) we would not know which direction either prices or quantities exchanged would be altered without more information.
Correct Answer:
Verified
Q156: Both price and quantity will increase when
Q163: If tastes for a good increased and
Q164: If there is a shortage of a
Q166: If the prices of productive substitute goods
Q169: Which of the following could not cause
Q170: In the market for natural gas, a
Q171: If incomes are rising, in the market
Q171: If the price of gadgets falls and
Q172: An increase in the price of a
Q173: A shortage currently exists in the market
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