When Quantity Supplied Decreases at Every Possible Price,we Know That

question 77

Multiple Choice

When quantity supplied decreases at every possible price,we know that the supply curve has

• A)shifted to the left.
• B)shifted to the right.
• C)not shifted;rather,we have moved along the supply curve to a new point on the same curve.
• D)not shifted;rather,the supply curve has become flatter.

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Definitions:

Zero Coupon Bonds

Bonds issued at a discount from their face value, which do not pay periodic interest but are redeemed at full face value at maturity.

Effective Interest Rate

The real rate of interest taking into account the effects of compounding over a given period.

Discount

A reduction from the full amount or value of a product or service, usually to entice customers or accelerate sales.