End of Chapter 2.7 Question Help Suppose that the table shows the quantity suppl
ID: 1133166 • Letter: E
Question
End of Chapter 2.7 Question Help Suppose that the table shows the quantity supplied of UGG boots at five different prices in Quantity Supplied 2018 40,000 45,000 2018 and in 2019 Refer to the table and note the change in the supply of UGG boots from 2018 to 2019 Which of the following could explain the change in supply observed in 2019? (Check all that Quantity Supplied 2019 Price 5 160 170 180 190 200 50,000 55,000 apply.) 50,000 A. B. An increase in the demand for UGG boots 60,000 65,000 70,000 A decrease in the expected future price 55,000 60,000 C. An increase in worker productivity An increase in the price of UGG boots D.Explanation / Answer
From 2018 to 2019 the supply of the UGG boots has increased and this would be a rightward shift of the supply curve. The increased worker productivity enables the firms to produce more and supply in the market , we know the price change is only a movement along the demand curve but this is a shift the quantity supplied has changed at every price level from 2018 to 2019.
Ans: C) An increase in the workers productivity.
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