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An increase in supply is graphically represented by a leftward shift of the supply curve. True or False.

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Alice Sejake
Alice SejakeLv10
22 Sep 2020

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Related questions

An increase in demand is represented by a:

a. leftward shift of the demand curve

b. rightward shift of the demand curve

c. leftward shift of the supply curve

d. rightward shift of the supply curve

Graphically, the effects of an external cost can be shown as
a. a rightward shift of the market supply curve.
b. a downward movement along the market demand curve.
c. a leftward shift of the market demand curve.
d. a leftward shift of the market supply curve.

The law of supply indicates that:
a. there is an inverse relation between price and quantity supplied.
b. there is a direct relation between price and quantity supplied.
c. there is an inverse relation between the cost of inputs and the quantity supplied.
d. none of the above.

Graphically, an increase in supply can be shown as:
a. a rightward shift of the supply curve.
b. a leftward shift of the supply curve.
c. a rightward and upward movement along the supply curve.
d. a leftward and downward movement along the supply curve.

The full price of a visit to a movie includes:
a. the price of the tickets.
b. transportation costs.
c. the opportunity cost of using time for this activity instead of the next-best alternative.
d. all of the above.

Consumers make decisions based on:
a. full prices.
b. money prices.
c. transaction costs.
d. absolute costs.

Quantity demanded is graphically represented by a ______, while demand is graphically represented by a _______.
a. line, point.
b. intersection, line.
c. point, line.
d. point, intersection.

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