menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Economics Study Set 8
  4. Exam
    Exam 18: The Markets for the Factors of Production
  5. Question
    Suppose the Supply of Capital Decreases
Solved

Suppose the Supply of Capital Decreases

Question 37

Question 37

True/False

Suppose the supply of capital decreases. As a result, the quantity of capital used in production and the rental price of capital will both fall.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q32: A highly-paid research scientist works 12 hours

Q33: If Firm X is a competitive firm

Q34: Value of marginal product is defined as

Q35: Suppose that a competitive firm hires labor

Q36: The marginal product of land depends only

Q38: What are the three most important factors

Q39: Table 18-1<br>​<br>​<br> <span class="ql-formula" data-value="\begin{array}

Q40: Firms pay out a portion of their

Q41: Christine works for a firm that makes

Q42: Angie was the last worker hired by

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines