If a supply curve shifts rightward this means a

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Macroeconomics for Today
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Chapter 3 / Exercise 20
Macroeconomics for Today
Tucker
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152. If a supply curve shifts rightward, this means a. suppliers are willing and able to offer less of the good for sale at every price. b. suppliers are willing and able to offer more of the good for sale at every price. c. quantity supplied is greater at every price. d. suppliers are willing and able to offer more of the good for sale only at a particular price. e. b and c ANS: e
153. If a demand curve shifts rightward, this means e
154. One reads the following in a newspaper: “Today the president and Congress agreed to impose new restrictive quotas on Japanese cars coming into the country.” As a result, an economist would predict that the b
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Macroeconomics for Today
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Chapter 3 / Exercise 20
Macroeconomics for Today
Tucker
Expert Verified
99 Chapter 3 155. An economist says, “Technological advances have the power to lower the prices of many of the goods we buy.” Here is how this works: b
156. 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? a. At $4, quantity supplied could be 40 units for one supplier and 27 for the other. b. At $4, quantity supplied could be 33 units for one supplier and 27 for the other. c. At $4, quantity supplied could be 40 units for one supplier and 37 for the other. d. At $4, quantity supplied could be 77 units for one supplier and 10 for the other. e. There is not enough information to answer this question. ANS: c

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