MCQOPTIONS
Saved Bookmarks
| 1. |
An increase in productivity should ? |
| A. | Lead to a contraction of supply |
| B. | Lead to an expansion of supply |
| C. | Lead to a shift in supply outwards (i.e more supplied at each and every price) |
| D. | Lead to a higher equilibrium and lower equilibrium quantity |
| Answer» D. Lead to a higher equilibrium and lower equilibrium quantity | |