--%>

Question on demand and supply

Refer to the following diagram. A decrease in supply is illustrated by a: A) move from point x to point y. B) shift from S1 to S2. C) shift from S2 to S1. D) move from point y to point x.

781_90.png

   Related Questions in Microeconomics

  • Q : Generate economic profit by a firm

    A firm is most certain to be capable to generate an economic profit when: (1) this is a monopoly. (2) entry within its industry in the short run is prevented through barriers to entry. (3) its marginal costs are less than the marginal costs of its com

  • Q : Good illustration of oligopoly The

    The tobacco industry within the United States is a good illustration of: (1) monopoly. (2) pure competition. (3) oligopoly. (4) corporate responsibility. (5) duopoly. I need a good answer on the topic of Economics

  • Q : Decrease in demand determinants The

    The reduction in demand accompanies all of the following apart from: (i) Expectations of better accessibility or excesses. (ii) Declines in the price of substitute. (iii) Rises in the number of buyers. (iv) Negative modifications in preferences and ta

  • Q : Labor Union Goals-Minimum employment

    Can someone please help me in finding out the accurate answer from the following question. When a union achieved the maximum possible hourly wage: (i) All of the members would be pleased. (ii) Employment would as well be maximized. (iii) Employment would be at minimum

  • Q : Economic inefficiency per unit of output

    When this firm cannot price discriminate, after that the rate of economic inefficiency per unit of output which its exercise of market power yields equals to: (i) area 0PbQ0. (ii) distance af. (iii) area 0fcQ0. (iv) distance bc. (v) r

  • Q : Possible elasticity of brain power of TV

    When doubling your viewing of soap operas to sixteen hours per week causes your IQ score to reduce from a genius level of 140 to a sluggish 70, your TV elasticity of brain power is possibly: (i) -1.0. (ii) +1.0. (iii) -2.0. (iv) 2.0. (v) -0.5.

    Q : Closed Shops problems Can someone

    Can someone please help me in finding out the accurate answer from the following question. Firms which agreed to hire only workers who were already the union members would be operating: (1) Agency shops. (2) Bilateral monopolies. (

  • Q : Consumption processing in transaction

    At the front of the grocery store, you understand every cashier is backed up although the twelve-items-or-less lane. You rapidly count items, and dash back to aisle ten to reshelf Coco Puffs you have decided are unessential for surviv

  • Q : Exhibiting Predatory Behavior If a firm

    If a firm attempts to drive rivals from its market and after that raises prices and adopts a strategy to deter entry, this is exhibiting: (w) grim strategy. (x) tit-for-tat strategy. (y) predatory behavior. (z) Nash equilibrium.

    Q : Problem on average household income Can

    Can someone help me in finding out the right answer from the given options. Demand curve for the gasoline, a normal good, would shift to right when: (1) The legal least age to drive was raised to 18 all through the world. (2) New oil fields were discovered and exploit