Referring to the Previous Question,all Else Constant,a 5 Unit Increase

question 85

Multiple Choice

Referring to the previous question,all else constant,a 5 unit increase in the wage index would cause:

• A)quantity supplied to increase by 9 units and be shown by a movement up the supply curve.
• B)quantity supplied to decrease by 9 units and be shown by a movement down the supply curve.
• C)quantity supplied to increase by 9 units and be shown by a rightward shift of the supply curve.
• D)quantity supplied to decrease by 9 units and be shown by a leftward shift of the supply curve.

---

Definitions:

Buyer's Bank

Buyer's bank refers to the financial institution that represents the purchaser in a transaction, often involved in issuing or confirming payment instruments like letters of credit.

Seller

An individual or entity that offers goods or services in exchange for payment or other compensation.

Schengen Area

A zone comprised of 26 European countries that have abolished passports and all other types of border control at their mutual borders, allowing for free and unrestricted movement of people.

Internal Borders

Geographic and administrative boundaries within a country, distinguishing areas of jurisdiction or governmental authority.