please type the answers don\'t write it in your hand I can\'t understand thanks

Question

please type the answers don't write it in your hand I can't understand
thanks

If suppliers expect the price of their product to fall in the future, then they will Select one: a. decrease supply now b. increase supply now. decrease supply in the future but not now. O d. increase supply in the future but not now When we move along a given supply curve, Select one: a. only price is held constant. Ob. technology and price are held constant. c. all nonprice determinants of supply are held constant. O d. all determinants of quantity supplied are held constant. Which of the following changes would not shift the demand curve for a good or service? Select one a. a change in income O b. a change in the price of the good or service Oc. a change in expectations about the future price of the good or Od. a change in the price of a related good or service

Explanation / Answer

1. b) increases supply now

When sellers expect that in future prices will fall then to increase their profit they supply more goods today.

2. c) all nonprice determinants of supply are held constant.

When price of commodity increases or decreases then it causes movement of supply curve. Supply curve shifts when there is change in factors other than price of commodity itself.

3. b) a change in the price of the good or service

A change in the price of good causes movement of the demand curve. Change in factors other than price of commodity itself causes shift in the demand curve. Therefore, change in income, change in expectation and change in the price of related goods causes shift of demand curve.

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