Under What Circumstances Will an Increase in Supply Have No

question 110

Multiple Choice

Under what circumstances will an increase in supply have no effect on the price of a product.

• A) If the demand decreases by the same amount.
• B) Graphically, if the demand curve is vertical.
• C) Graphically, if the demand curve is horizontal.
• D) Graphically, if the supply curve is downward-sloping.

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Definitions:

Strikes

The act of halting work by a group of employees as a form of protest to demand changes from their employer, typically regarding wages, working conditions, or benefits.

Decertify

The process through which a union is officially stripped of its status as the representative of a group of workers, often following a vote among the workers themselves.

NLRB

Stands for the National Labor Relations Board, a federal agency in the United States that enforces labor laws in relation to collective bargaining and unfair labor practices.

Decertification Election

A voting process in which employees can remove union representation from their workplace.