Multiple Choice
A "decrease in supply" refers to which of the following?
A) the likely result from a decrease in the price of a factor of production
B) a downward movement along a supply curve
C) a decrease in quantity supplied
D) a leftward shift in the supply curve
E) a drop in the quantity actually exchanged
Correct Answer:

Verified
Correct Answer:
Verified
Q1: "Excess demand" can also be described as<br>A)excess
Q3: Suppose the price of wheat has fallen
Q4: The demand and supply schedules for a
Q5: If a demand curve and a supply
Q6: "Demand" in a particular market refers to<br>A)only
Q7: The positive slope of a supply curve
Q8: The demand and supply schedules for a
Q9: Weekend train travel costs less than weekday
Q10: The demand and supply schedules for a
Q11: The term "supply" in a particular market