Answered: A decrease systems a. an increase in…

A decrease systems a. an increase in the supply of GPS systems b. a smaller quantity of GPS systems supplied c. a larger quantity of GPS systems supplied d. a decrease in the demand for GPS systems

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

____

A decrease in the price of GPS systems will result in:
a. an increase in the supply of GPS systems
b. a smaller quantity of GPS systems supplied
c. a larger quantity of GPS systems supplied
d. a decrease in the demand for GPS systems

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