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Question
As computers and Internet access have become cheaper, businesses have offered these to employees. What impact would this have on the market for what these businesses sell?
a. The technology will lead to a leftward shift of the supply curve.
b. The technology will lead to a rightward shift of the supply curve.
c. The technology will lead to a leftward shift of the demand curve.
d. The technology will lead to a leftward movement along the supply curve.
e. There will be no change in supply or quantity supplied.
Answer
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Related questions
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b. relatively unresponsive to a change in price.
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Price gouging laws will usually result in ________ the product in the distressed market.
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c. government setting up an agency to regulate supply of
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The economic entity most likely to engage in price gouging is
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What is the long-run consequence of a price ceiling law?
a. A surplus will continue to exist and will grow larger over time.
b. A surplus will continue to exist and will grow smaller over time.
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Q:
Suppose Solomon lives in a community with no price controls. What do you expect will happen if his town borders a community where there is a binding price ceiling on most products?
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Q:
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Q:
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Q:
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