Homework Answers
"C"
it is upward sloping because a higher price will encourage the firm to spend more and hire more to produce more goods and earn a profit. the answer is "C".
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The individual supply curve is positively sloped because a higher price A. ensures that a firm...
8. Why is the short-run aggregate supply curve positively sloped? Aa Aa E In the short...
8. Why is the short-run aggregate supply curve positively sloped? Aa Aa E In the short run, the quantity of output that firms supply can deviate from the natural rate of output if the actual price level in the economy deviates from the expected price level. Several theories explain how this might happen. According to the misperception effect theory, overall changes in the price level can temporarily mislead firms about what is happening to their output prices. Consider a soybean...
Suppose the multiplier is 2 and the short-run aggregate supply curve is positively sloped. Investment increases...
Suppose the multiplier is 2 and the short-run aggregate supply curve is positively sloped. Investment increases by $10 billion. In the short run, equilibrium real GDP a. does not change. o b. decreases by less than $20 billion. oc increases by $20 billion. increases by less than $20 billion. O e. increases by more than $20 billion. od.
pls answer all 4 A supply curve slopes upwards because a. the higher the price the...
pls
answer all 4
A supply curve slopes upwards because a. the higher the price the higher the quantity that the sellers are willing to supply b. the higher the price the lower the quantity that the sellers are willing to supply c. an increase in price brings the quantity sold down to zero Od the quantity supplied in insensitive to price QUESTION 6 A firm experiencing constant economies of scale will have a long-run average cost curve that is:...
36) What would happen in the red apple market if the price of golden apples decreases?...
36) What would happen in the red apple market if the price of golden apples decreases? 36) A) The demand for red apples would increase B) The quantity demanded of red apples would increase C) The demand for red apples would fall. D) Nothing, they are separate and unrelated commodities. 37) Market demand shows: 37) A) the quantity of a good that one seller will sell at a given price B) the quantity of a good that one buyer will...
31 In perfectly competitive industries: A. the shont-run market supply curves are positively sloped в. long-rusniustry...
31 In perfectly competitive industries: A. the shont-run market supply curves are positively sloped в. long-rusniustry supply curve,are positively sloped. C. the short-run D. All of the above E. Only B and C are correct market supply curves are more clastic than the long-run industry supply curvers s3. Assame a perfectly-competitive, increasing-cost industry composed of identical firms is initially in long-run equilibrium. Given a decrease in demand, in the short ran: equilbrium price decreases, equilibrium output increases, the output of...
We draw an inelastic demand curve more... Steep Flat The Demand Curve is downward-sloping because: O...
We draw an inelastic demand curve more... Steep Flat The Demand Curve is downward-sloping because: O As the price increases, so do costs. As the price increases, consumers demand more As the price increases, suppliers can earn higher levels of profit or justify higher marginal costs to produce more. None of the Above The Supply Curve is upward-sloping because: As the price increases, so do costs As the price increases, consumers demand less. As the price increases, suppliers can earn...
19. Ifthe price ofoil (a close substitute for coal) increases, then the a. supply curve for...
19. Ifthe price ofoil (a close substitute for coal) increases, then the a. supply curve for coal will shift to the right. b. demand curve for coal will shift to the tight. C. equilibrium price and quantity of coal will not change. d. quantity of coal demanded will decline. 20. If the rice of shoes is initially above the equilibrium value, which of the following is likely to occur? a. stores inventories will decrease as consumers buy more shoe than...
1. If the money demand does not depend on the interest rate, then the LM curve...
1. If the money demand does not depend on the interest rate, then the LM curve ______. a. is horizontal b. is vertical c. shifts up to the right d. shifts down to the right 2. If money demand becomes more income elastic, the LM curve will __________. a. become flatter b. shift to the right c. become stepper d. shift to the left 3. The labour force is defined as _________. a. the total number of working age individuals...
59. Market equilibrium A market equilibrium is a quantity-price pair in which: A. The government equates the selling and buying price of The price is such that the quantity demanded is equal to t...
59. Market equilibrium A market equilibrium is a quantity-price pair in which: A. The government equates the selling and buying price of The price is such that the quantity demanded is equal to the The level of happiness among people is as high as possible. supplied quantity supp A price increase would cause people to want to buy 1 of the good. E. The supply curve and demand curve are equivalent. The Marginal Product of Labor (MPL) is equal to...
7. Suppose that at a price of $70 the quantity supplied in a market is 10...
7. Suppose that at a price of $70 the quantity supplied in a market is 10 units, and at a price of s80 th e quantity supplied in the market is 15 unit. If we use this information to create a linear supply equation, what will that equation be? b. P-50+ 2Qs Suppose that college tuition is higher this year than last year and that more students are enrolled in college this year than last year. Based on this information,...
8. Why is the short-run aggregate supply curve positively sloped? Aa Aa E In the short run, the quantity of output that firms supply can deviate from the natural rate of output if the actual price level in the economy deviates from the expected price level. Several theories explain how this might happen. According to the misperception effect theory, overall changes in the price level can temporarily mislead firms about what is happening to their output prices. Consider a soybean...
Suppose the multiplier is 2 and the short-run aggregate supply curve is positively sloped. Investment increases by $10 billion. In the short run, equilibrium real GDP a. does not change. o b. decreases by less than $20 billion. oc increases by $20 billion. increases by less than $20 billion. O e. increases by more than $20 billion. od.
pls
answer all 4
A supply curve slopes upwards because a. the higher the price the higher the quantity that the sellers are willing to supply b. the higher the price the lower the quantity that the sellers are willing to supply c. an increase in price brings the quantity sold down to zero Od the quantity supplied in insensitive to price QUESTION 6 A firm experiencing constant economies of scale will have a long-run average cost curve that is:...
36) What would happen in the red apple market if the price of golden apples decreases? 36) A) The demand for red apples would increase B) The quantity demanded of red apples would increase C) The demand for red apples would fall. D) Nothing, they are separate and unrelated commodities. 37) Market demand shows: 37) A) the quantity of a good that one seller will sell at a given price B) the quantity of a good that one buyer will...
31 In perfectly competitive industries: A. the shont-run market supply curves are positively sloped в. long-rusniustry supply curve,are positively sloped. C. the short-run D. All of the above E. Only B and C are correct market supply curves are more clastic than the long-run industry supply curvers s3. Assame a perfectly-competitive, increasing-cost industry composed of identical firms is initially in long-run equilibrium. Given a decrease in demand, in the short ran: equilbrium price decreases, equilibrium output increases, the output of...
We draw an inelastic demand curve more... Steep Flat The Demand Curve is downward-sloping because: O As the price increases, so do costs. As the price increases, consumers demand more As the price increases, suppliers can earn higher levels of profit or justify higher marginal costs to produce more. None of the Above The Supply Curve is upward-sloping because: As the price increases, so do costs As the price increases, consumers demand less. As the price increases, suppliers can earn...
19. Ifthe price ofoil (a close substitute for coal) increases, then the a. supply curve for coal will shift to the right. b. demand curve for coal will shift to the tight. C. equilibrium price and quantity of coal will not change. d. quantity of coal demanded will decline. 20. If the rice of shoes is initially above the equilibrium value, which of the following is likely to occur? a. stores inventories will decrease as consumers buy more shoe than...
59. Market equilibrium A market equilibrium is a quantity-price pair in which: A. The government equates the selling and buying price of The price is such that the quantity demanded is equal to the The level of happiness among people is as high as possible. supplied quantity supp A price increase would cause people to want to buy 1 of the good. E. The supply curve and demand curve are equivalent. The Marginal Product of Labor (MPL) is equal to...
7. Suppose that at a price of $70 the quantity supplied in a market is 10 units, and at a price of s80 th e quantity supplied in the market is 15 unit. If we use this information to create a linear supply equation, what will that equation be? b. P-50+ 2Qs Suppose that college tuition is higher this year than last year and that more students are enrolled in college this year than last year. Based on this information,...
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