Question

AMERICA SPENCIL USA GOLDEN ECON 260 Figure Jose dead se 39. The difference between a supply schedule a supply curve is that a supply schedule is a wate and a supply curve is a plat captures a relationship between price and quantity supplied. Which of the following would NOT shift the supply curve for mp3 players? aan increase in the price of mp3 players. b. a decrease in the number of sellers of mp3 players can improvement in the technology used to produce mp3 players. d. an increase in the price of plastic, an input into the production of mp3 players. 40. A market supply curve is determined by horizontally summing individual supply curves. For c e, suppose you make jewelry If the price of old falls, then we would expect you to a be willing and able to produce less jewelry than before at each possible price b. be willing and able to produce more jewelry than before at each possible price. c. face a greater demand for your jewelry d. face a weaker demand for your Jewelry RMUNNICHA di

Answer 1

39) Solution: an increase in the price of mp3 player

Explanation: Any increase or decrease in price leads to a movement along the demand curve

40) Solution: be willing and able to produce more jewellery than before at each possible price

Explanation: When price of gold decreases the demand increases and thus would be willing to produce more jewellery