A technological change that lowers the cost of producing pencils
A) increases the quantity supplied of pencils.
B) increases the supply of pencils.
C) decreases the supply of pencils.
D) decreases the quantity supplied of pencils.
E) increases the demand for pencils.
Correct Answer:
Verified
Q135: If a rise in the price of
Q136: Turnips are an inferior good. A rise
Q137: A decrease in the wages of farm
Q138: If the same inputs can be used
Q139: Turnips are an inferior good. A rise
Q141: An increased number of businesses increases supply.
Q142: Popeye's Parlour supplies both piercing and tattoo
Q143: If the price of an input falls,
Q144: The law of supply works as long
Q145: The economist's distinction between quantity supplied and
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