You publish a magazine for calculator collectors. To produce and distribute this magazine, you use a number of inputs: • computers labor раper • postage • staplers What is the impact on the market, if the price of labor goes down? Choose one: O A. The demand for the magazine shifts to the right, and the supply curve shifts to the left. The equilibrium price rises, but there is an unknown change in the equilibrium quantity. O B. The demand for the magazine does not change, and the supply curve shifts to the left. The equilibrium price rises, but the equilibrium quantity falls. O C. The demand for the magazine does not change, and the supply curve shifts to the right. The equilibrium price falls, but the equilibrium quantity rises. D. The demand for the magazine shifts to the left, and the supply curve shifts to the right. The equilibrium price falls, but there is an unknown change in the equilibrium quantity.
You publish a magazine for calculator collectors. To produce and distribute this magazine, you use a number of inputs: • computers labor раper • postage • staplers What is the impact on the market, if the price of labor goes down? Choose one: O A. The demand for the magazine shifts to the right, and the supply curve shifts to the left. The equilibrium price rises, but there is an unknown change in the equilibrium quantity. O B. The demand for the magazine does not change, and the supply curve shifts to the left. The equilibrium price rises, but the equilibrium quantity falls. O C. The demand for the magazine does not change, and the supply curve shifts to the right. The equilibrium price falls, but the equilibrium quantity rises. D. The demand for the magazine shifts to the left, and the supply curve shifts to the right. The equilibrium price falls, but there is an unknown change in the equilibrium quantity.
Chapter4: Supply And Demand: An Initial Look
Section: Chapter Questions
Problem 2TY
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Transcribed Image Text:You publish a magazine for calculator collectors. To produce and distribute this magazine, you use a number of inputs:
• computers
labor
. раper
• postage
• staplers
What is the impact on the market, if the price of labor goes down ?
Choose one:
O A. The demand for the magazine shifts to the right, and the supply curve shifts to the left. The equilibrium price rises,
but there is an unknown change in the equilibrium quantity.
O B. The demand for the magazine does not change, and the supply curve shifts to the left. The equilibrium price rises, but
the equilibrium quantity falls.
O C. The demand for the magazine does not change, and the supply curve shifts to the right. The equilibrium price falls,
but the equilibrium quantity rises.
O D. The demand for the magazine shifts to the left, and the supply curve shifts to the right. The equilibrium price falls,
but there is an unknown change in the equilibrium quantity.
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