Decrease in price of resources will cause as curve

Assignment Help Business Economics

Reference no: EM131380182

1. A decrease in the price of resources will cause the AS curve to

a. shift outward

b. shift inward

c. become flatter

d. become steeper

2. If this year's price index number for good X is 125 then:

a. good X is currently priced at $125

b. good X is priced at 125% more this year than in the base year

c. good X is priced at 125% more in the base year than in this year

d. good x is priced at 25% more this year than in the base year.

Reference no: EM131380182

Questions Cloud

Discuss about the post given below : Review the entire cite you choose and "click on" a few cites (for example under the Va code first one is Law of Health Ins and second is Chap 29 supervision of PA's) and write a report on one of the cites but also take note of how many cites there..

Finding the standard deviations by hand : Without doing any calculations, decide which set has the larger standard deviation and explain why. Then check by finding the standard deviations by hand.

Develop a thesis statement that provides a blueprint : Write a paper in which you argue for your interpretation of the following poems, in terms of imagery, metaphor, and/or themes - Develop a thesis (with three major points) in which you state your interpretation of the poem, and then in the body parag..

Conflict in maximizing shareholder wealth : Is there a conflict between maximizing shareholder wealth and never paying bribes when doing business abroad? If so, how might you explain the firm's position to shareholders asking why the company does not pay bribes when its foreign competitors in ..

Decrease in price of resources will cause as curve : A decrease in the price of resources will cause the AS curve to. If this year's price index number for good X is 125 then:

Why the oil prices decreased in the last couple of years : Please post an article about why the oil prices decreased in the last couple of years. You should write a short paragraph explaining what you found interesting in the article using tools from microeconomics such as supply, demand, elasticity, oligopo..

Discuss about the post given below : As a mother, breastfeeding is a topic that I have an interest in. Over the last few years, I have done much research on the topic along with the benefits of breastfeeding, social aspects, culture, and other breastfeeding related information. The..

What do economists mean by the demand for money : What do economists mean by the demand for money? What is the advantage of holding money? What is the disadvantage of holding money?

Identify risk management measures that seem to have worked : Identify and discuss three causes for this growing problem of school/campus violence, and identify risk management or mitigation measures that seem to have worked.

User Account

All Pages