ECONTuteNotes121.pdf - 381 Award 1.00 point The law of...

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381. Award: 1.00 point 382. Award: 1.00 point 383. Award: 1.00 point The law of supply states that, ceteris paribus, if the price of loans (known as "interest rate") rises then the quantity supplied of loans will increase. True False References True / False Difficulty: 02 Medium Learning Objective: 03-03 Describe supply and explain how it can change. A decrease in the price of multi-touch screens for electronic tablets will increase the supply of electronic tablets. True False References True / False Difficulty: 02 Medium Learning Objective: 03-03 Describe supply and explain how it can change. The development of a new production technique that lowers the cost of producing 3-D movies will shift the supply curve of 3-D movies to the right. True False References True / False Difficulty: 02
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