Which of the following is consistent with the law of... - Solved MCQs & Answer

4508EconomicsMedium

Which of the following is consistent with the law of supply?

AAs the price of calculators rise, the quantity supplied of calculators increases, ceteris paribus.

BAs the price of calculators rise, the quantity supplied of calculators decreases, ceteris paribus.

CAs the price of calculators calls the supply of calculators increases, ceteris paribus.

DAs the price of calculators rise, the supply of calculators increases ceteris paribus.

Correct answer

A. As the price of calculators rise, the quantity supplied of calculators increases, ceteris paribus.

Explanation

The correct answer is As the price of calculators rise, the quantity supplied of calculators increases, ceteris paribus..

Worker-managed socialism helped contribute to ________ ‘s rapid economic growth from 1959 to 1979?

Refer to Exhibit 4. If a tax is placed on the product in this market tax revenue paid by the sellers is the area?

The growth path resulting from technological progress for a given saving rate is known as the?

According to chapter 2 in the text which of the following is true?

The substitution effect of higher wages suggests that as the wage rate increases?

When farms are destroyed in favor of factories and suburbs it is an example of________?