1st attempt You publish a magazine for calculator collectors. To produce and dis

Question

1st attempt You publish a magazine for calculator collectors. To produce and distribute this magazine, you use a number of inputs: . computers . labor e paper . postage . staplers If the price of labor goes down and there are no other changes, what is the consequence? Choose one: A The demand for the magazine does not change. and the supply curve shifts to the right. The cquilibrium price falls, B. The demand for the magazine does not change, and the supply curve shifts to the left. The equilibrium price rises, but The demand for the magazine shifts to the right, and the supply curve shifts to the left. The equilibrium price rises. D. The demand for the magazine shifts to the left, and the supply curve shifts to the right. The equilibrium price falls but the equilibrium quantity rises the equilibrium quantity falls but there is an unknown change in the equilibrium quantity but there is an unknown change in the equilibrium quantity K 19/32 9 OF 32 QUESTIONS C

Explanation / Answer

Option A.

Since the price of input has reduced, the cost of production is reduced so that the supply is increased. This shifts the supply curve to the right, reducing the price and raising the quantity

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