| I need help in Economics best answer gets BEST ANSWER? i would really appreciate this
1)The relationship between the price of a good or service and the quantity that producers are willing to supply is known as:
a) Supply
b)Demand
c)Quantity supplied
d)Quantity demanded
2)The following changes (technological, resource prices, taxes or subsidies) that affect supply are all examples of :
a)Supply curve
b)Determinants of supply
c)Determinants of price
d)Law of Supply
3)The type of supply analysis which is not defined in terms of months or years, but as a period of time where certain production conditions hold constant
a)Long run
b)Medium run
c)Short run
d)Extended run
4)When a company reaches a point where hiring an additional employee will be less productive than the one hired before is known as
a)Law of Diminishing Returns
b)Law of Increasing Returns
c)Law of Supply
d)Law of Employment |