8) Which of the following does NOT increase the supply of personal computers, th

Question

8) Which of the following does NOT increase the supply of personal computers, that is, does NOT shift the supply curve of personal computers? A) an increase in the number of firms producing personal computer B) a rise the price of a personal computer C) a change in the expected future price of a D) an advance in the technology used to E) a fall in the cost of the components used to personal computer produce personal computers assemble personal computers 9) Milk can be used to produce cheese or butter. If the price of a pound of butter rises, what happens to the supply of cheese? A) The supply of cheese decreases. B) The supply of cheese stays the same and there is a decrease in the quantity supplied of cheese C) The supply of cheese stays the same and there is no change in the quantity supplied of cheese. D) The supply of cheese increases. E) The supply of cheese could increase, decrease, or stay the same depending on what happens to the supply of butter. in the price of a substitute in production for quantity supplied of the good. supplied. 10) A rise a good leads to A) no change in either the supply or the B) a decrease in the quantity of that good C) a decrease in the supply of that good. D) no change in the supply of that good; instead there is a change in the quantity supplied. E) an increase in the supply of that good 11) If the automobile worker's union successfully negotiates a wage increase for its members, how does the wage hike affect the supply of automobiles? A) The quantity supplied decreases. B) The supply decreases. C) The quantity supplied increases D) The supply increases. E) Both answers B and D are correct.

Explanation / Answer

1 D is right. It is movement along demand curve

2 price of good. It leads to movement along curve

3 c. Cross elasticity is posiyive

4 A. Demand for Complements increase when price falls

5 c is right option.it leads to shift of demand curves for tacos

6 D

7 inferior good because demand fails as income rises

8 b because it leads to movement along supply curve

9 c is right

10 supply decreases because it is not price factor but cost factor change

Was required to answer only 4 parts according to Chegg policy but still answered all Please please like answer

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