Refer to figure 3 2 an increase in the number of

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14)  Refer to Figure 3 - 2 . An increase in the number of firms in the market would be represented by a movement from 14)  ______ A)  S to  S 1 . B)  S 1  to  S 2 . C)  B  to  A . D)  A  to  B . 15) Which of the following would shift the supply curve for MP3 players to the right?  15) ______ 16) If a firm expects that the price of its product will be higher in the future than it is today 16) ______ 17) Let  D =  demand,  S   =  supply,  P   =  equilibrium price,  Q =  equilibrium quantity.  What happens in the market for tropical hardwood  trees if the governments restrict the amount of forest lands that can be logged?  17) ______ 18) Which of the following would cause both the equilibrium price and equilibrium quantity of cotton (assume that cotton is a normal  good) to increase?  18) ______ A) a drought that sharply reduces cotton output B) a decrease in consumer income C) an increase in consumer income D) unusually good weather that results in a bumper crop of cotton 19) Assume that the hourly price for the services of tarot card readers has risen and sales of these services have also risen.  One can  conclude that 19) ______
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