An increase in supply would best be reflected by a change from A) supply curve B to supply curve C. B) supply curve B to supply curve A.

If products A and B are substitutes, products B and C are complements and the markets for products A and B are unrelated, which one of the following statements regarding the markets for products A, B and C is true? a) A decrease in the price of product A will result in an increase in the demand for product B b) A decrease in the price of product A will result in an increase in the demand for product C c) An increase in the price of product B will result in an increase in the demand for product C d) An increase in the price of product B will result in an increase in the demand for product A

How would the equilibrium price (P) and equilibrium quantity (Q) for a good be affected if there was a simultaneous increase in demand along with a decrease in supply? P would increase while Q would decrease OP would increase but the impact on Q would be ambiguous Q would increase but the impact on P would be ambiguous Both P and Q would increase

Determinants of supply What causes the supply curve to shift left or right? This could include, amongst other things