ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Consider the market for printers. Explain whether the following events would cause an increase or a decrease in supply or an increase or a decrease in the quantity supplied.
1). The market
A. increase in supply.B. increase in quantity supplied.
C. decrease in supply. D. decrease in quantity supplied
2). The market price of printer cables and drivers decreases. This will cause a(n)
A. increase in supply-
B. increase in quantity supplied.
C. decrease in supply. D. decrease in quantity supplied.
3). The number of firms producting printers decreases. This will cause aín)
A. increase in supply
B. increase in quantity supplied.
C. decrease in supply.
D. decrease in quantity supplied.
4)Firms producing printers expect that the market price of printers will decrease next month. This will cause a(n)
A. increase in supply. B. increase in quantity supplied.
C. decrease in supply. D. decrease in quantity supplied..
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