ECO 201 quizz3 - 1 out of 1 points If the government...

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1 out of 1 points If the government increased licensing requirements for beauty salons, the supply curve for salon services would shift to the left. Selected Answer: Tru e Answers: Tru e False
Question 2 1 out of 1 points Which of the following illustrates the law of demand? .
e. a and c Question 3 1 out of 1 points One point on a market supply curve represents $4 and 100 units quantity supplied. If there are three suppliers, and at a price of $4 one of the suppliers supplies 23 units, then which of the following combinations of price and quantity supplied might hold for the other two suppliers?
There is not enough information to answer this question. Question 4 0 out of 1 points Oil producers expect that oil prices next year will be higher than oil prices this year. As a result, oil producers are most likely to
Question 5 0 out of 1 points
If a demand curve shifts rightward, this means Selected Answer: c. buyers are willing and able to purchase more of the good at every price. Answers: a. quantity demanded is greater only at one particular price. b. quantity demanded is greater at every price. c. buyers are willing and able to purchase more of the good at every price. d. buyers are willing and able to purchase less of the good at every price. e. b and c

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