ECON101-E1 Survey of Economics FA18 James Largen 9/17/18 12:56 PM Homework: Chap
ID: 1136737 • Letter: E
Question
ECON101-E1 Survey of Economics FA18 James Largen 9/17/18 12:56 PM Homework: Chapter 4 My Econ Lab Assignment Save ds Score: 0 of 1 pt 350146 (15complete) HW Score: 28.57%, 16 of 56 pts ts 4.2-64 Question Help The graph illustrates the supply of sweaters. Which of th vill increase the quantity supplied of sweaters OF THE ion to ots Price (dollars per sweater) 250 200 150 100 50 A. an increase in the number of sellers of sweaters O B. a rise in the expected future price of a sweater Coastal O C. a rise in the price of a sweater O D. a decrease in the number of sweater buyers O E anse in the wage rate paid to the workers who make sweaters 6 8 10 12 14 Quantity (thousands of sweaters per month) tes ChExplanation / Answer
Option C
Explanation: When there is an increase in the quantity supplied, there is an upward movement along the supply curve. This happens when the price of the commodity increases. According to the law of supply, everything else remaining constant, the higher the price higher will be the quantity supplied.
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