Conditions through which the supply curve will shift
What are the conditions through which the supply curve will shift?
Expert
Whenever any of such other factors change, then the supply curve will shift:
1) A raise in supply can be symbolized by a shift of the supply curve to right.
2) A reduce in supply can be symbolized by a shift of the supply curve to left.
In poor countries people spend a big percentage of their income so that APC and MPC are high. Yet, the value of multiplier is low. Explain why?
The transfer of wealth from developed countries to oil exporting countries (abbreviated as OPEC) which followed sky-rocketing oil prices in the year 1970s points out that the price elasticity of demand for oil was: (i) Unitary. (ii) Relatively high. (
Macroeconomics is a study of: (1) the economy as an entire or in the aggregate. (2) worldwide economic problems of individual households. (3) interactions among firms and households in one exact market or industry. (4) the rising income inequality wit
What is the difference between profit and producer surplus?
When equilibrium moves from point a to point b in the figure shown below, the only market experiencing a reduction in quantity supplied is illustrated in: (1) Panel A. (2) Panel B. (3) Panel C. (4) Panel D. Q : Define Tax revenue Tax revenue : Tax Tax revenue: Tax revenue is the revenue which occurs on account of taxes levied by government. Taxes are of two kinds: direct taxes and indirect taxes. Direct taxes are such taxes levied instantly on the property and income of person’s income ta
Tax revenue: Tax revenue is the revenue which occurs on account of taxes levied by government. Taxes are of two kinds: direct taxes and indirect taxes. Direct taxes are such taxes levied instantly on the property and income of person’s income ta
Define the term Supply curve.
Question: What can we learn from the Japanese experience? Is the US headed for a 'lost decade? Answer: There was a similari
DISCUSS the experience of high GNP countries and low GNP with regard to PQLI.
If the MPC is .70 and investment increases by $3 billion, the equilibrium GDP will:
18,76,764
1950143 Asked
3,689
Active Tutors
1418572
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!