ECONOMICS
SUPPLY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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How will the following event impact supply of U.S. made cars?"American buyers reject new car models”
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There will be an increase in S
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There will be a decrease in S
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There will be an increase in QS
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There will be a decrease in QS
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There will be a change in Demand-so supply is unaffected
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Explanation:
Detailed explanation-1: -If there is an decrease in supply ( S) the supply curve moves to the LEFT. At the same prices, the quantities supplied will be smaller.
Detailed explanation-2: -Salary and fringes is the total amount of compensation that will be paid to an employee. This amount includes not only base pay, bonuses and commissions, but also all fringe benefits, such as medical insurance, life insurance, and pension payments.
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