Solved

A Fall in the Price of a Good Causes Producers

Question 347

Multiple Choice

A fall in the price of a good causes producers to reduce the quantity of the good they are willing to produce. This fact illustrates

A) the law of supply.
B) the nature of an inferior good.
C) the law of demand.
D) a change in supply.

Related Questions

Q132: The equilibrium quantity of a good will

Q342: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5270/.jpg" alt=" -The figure illustrates

Q344: A decrease in the expected future price

Q346: The number of firms producing computer memory

Q348: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5270/.jpg" alt=" -The equilibrium quantity

Q350: In a supply and demand figure, the

Q351: Which of the following shifts the supply

Q352: Which of the following shifts only the

Q367: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The above figure

Q425: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The above table