Multiple Choice
If provinces decide to cover part of the price of voluntary laser eye surgery and more doctors decide to enter the field of laser eye surgery, what will happen in the market for laser eye surgery as a result of these two factors?
A) Demand will increase, but these two factors will not shift the supply curve.
B) Supply will increase, but these two factors will not shift the demand curve.
C) Demand and supply will both increase.
D) Demand will increase and supply will decrease.
Correct Answer:
Verified
Correct Answer:
Verified
Q12: A positive technological change will cause the
Q29: Assume there is a surplus in the
Q32: A surplus is defined as the situation
Q42: If in the market for apples the
Q79: If a decrease in income leads to
Q149: Which of the following would shift the
Q237: In response to a surplus the market
Q284: Figure 3.16 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3061/.jpg" alt="Figure 3.16
Q285: Figure 3.14 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3061/.jpg" alt="Figure 3.14
Q286: Whether a good is normal or inferior