0
Rate this Study Guide:
☆☆☆☆☆Federal Funds Rate
by a shift to the right of the demand curve
It would probably cause the supply curve upwards and shift to the left.
Workers at a major battery factory go on strike and stop production.
If there was a change in the price of batteries would indicate movement along the supply curve. For example if the battery manufacturer raised the price of AA batteries from 3.50 to 3.95 since it would cause movement along the curve. In an ideal economics situation the price would change if the demand shifts or the supply shifts or the change in price will fall back to being equal.
The good becomes more expensive to produce.
it rations goods
The raise in the price of a product causes an increase in competition.
monopolistic competition
As the price of a good rises, the amount of the good supplied rises.
Time
investment increases
If a consumer is waiting to buy a sweater he or she found at a department store until after the holiday season, which factor is most likely influencing the decision to wait?
Upgrades to its mixing equipment allow the plant to make more bars.
