--%>

Resource prices

Refer to the following diagrams, in which AD1 and AS1 are the "before" curves and AD2 and AS2 are the "after" curves. Other things equal, a decrease in resource prices is depicted by:1) panel (A) only. 2) panel (B) only. 3) panel (C) only. 4) panels (B) and (C)

 

880_2.png

Help me to go through this problem.

   Related Questions in Microeconomics

  • Q : Saving schedule Refer to the given

    Refer to the given figure.Choose the right answer from following. If the relevant saving schedule were constructed: A) saving would be minus $20 billion at the zero level of income. B) aggregate saving would be $60 at the $60 billion level of income. C) its slope woul

  • Q : Problem on purchasing newly-issued

    Can someone please help me in finding out the accurate answer from the following question. The individual who purchases a newly-issued corporate bond is: (i) Borrowing money from corporation. (ii) Lending money to corporation. (iii) Purchasing a share of corporation.

  • Q : Illustrate ready-to-eat cereal industry

    Brands of ready-to-eat cereal by Kellogg, Post, General Mills and Quaker [for example Frosted Flakes, Raisin Bran and Cheerios] account for more 85 percent of all breakfast cereals sold. Here the ready-to-eat cereal industry is an illustration of: (w)

  • Q : Reason of Financial Intermediation The

    The fundamental reason for financial intermediary’s presence is to: (1) Facilitate beginning new business firms by employing internal financing. (2) Help business organizations comply with laws needing the financial intermediation. (3) Minimize

  • Q : Output of profit-maximizing monopolist

    Hybrid Roses is the merely florist in 60 miles of Presidio, Texas. When total fixed costs (for example, rent and utilities) are $9 per hour, such profit-maximizing monopolist will generate an output of: (1) two dozen roses per hour. (

  • Q : Potential inefficiencies and inequities

    Whenever someone paying for the service can’t completely monitor the behavior or aims of the person offering the service, there are potential inequities and inefficiencies caused by the: (1) Moral hazard. (2) Adverse selection. (3) Utilitarianism. (4) Principal-

  • Q : Profit-maximizing level of output When

    When LoCalLoCarbo, the favorite corporation of fad dieters, produces adequate output to minimize its average total costs that will: (1) produce more than the profit-maximizing level of output. (2) concurrently minimize its average variable cost. (3) p

  • Q : Net income after-tax under negative

    Under negative income tax system demonstrated in this figure, where a family of four all along with earned income of price of $15,000 per year would have a net income after-tax, as of: (1) $30,000 per year. (2) $27,500 per year. (3) $

  • Q : Freedom to enter or leave the market in

    Purely competitive industries are not described by: (i) numerous potential buyers. (ii) product homogeneity. (iii) numerous potential sellers. (iv) freedom to enter or leave the market within the short run. (v) power to adjust quantities although no p

  • Q : Define autonomous investment Autonomous

    Autonomous investment: Investment that is made up without depending on the gain of the enterprise.