Multiple Choice
When Smartville's personal computer assembly plant closed, 30% of the community's labor force was laid off. Following this event Joe's New Car Dealership (NCD, Inc.) complained because the __________ new cars __________.
A) quantity supplied of; fell
B) supply of; increased
C) quantity demanded of; fell
D) demand for; fell
E) demand for; was unchanged
Correct Answer:

Verified
Correct Answer:
Verified
Q22: A short-run supply curve is<br>A) horizontal, summing
Q23: Dolly the sheep made headlines in 1997
Q24: A supply schedule shows the specific quantities
Q25: Hooterville has seen its population grow by
Q26: The effect of a rise in peoples'
Q28: The quantity purchased and sold could either
Q29: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB10702/.jpg" alt=" -In Exhibit C-7,
Q30: If imports of Japanese automobiles are restricted,
Q31: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB10702/.jpg" alt=" -In Exhibit C-8,
Q32: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB10702/.jpg" alt=" -In Exhibit C-1,