One Would Speak of a Movement Along a Supply Curve

question 36

Multiple Choice

One would speak of a movement along a supply curve for a good,rather than a change in supply,if

• A)the cost of producing the good changes.
• B)supplier expectations about future prices change.
• C)the price of the good changes.
• D)prices of substitutes in production change.

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Definitions:

Face Value

The nominal or dollar value printed on a financial instrument, such as a bond or stock certificate, representing its value at issuance.

Take-Home Pay

Take-home pay is the amount of wages that an employee actually receives after all deductions, such as taxes and social security contributions, have been subtracted.

Gross Pay

The total amount of an employee's earnings before any deductions are made for taxes, benefits, and other payroll deductions.

Voluntary Deductions

Deductions from an employee's paycheck that are made with the employee's consent, such as for benefits, union dues, or retirement plans.