Use the Following to Answer Questions

question 179

Multiple Choice

Use the following to answer questions:
Figure: Productivity
-(Figure: Productivity) Look at the figure Productivity. An increase in physical capital per worker with everything else remaining unchanged is shown on the diagram as a movement from:

• A)B to C.
• B)A to C.
• C)A to B.
• D)B to A.

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Definitions:

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price point in a certain period.

Decrease

A reduction in quantity, size, or intensity of a particular entity or activity.

Increase

An upward movement in quantity, price, or value.

Increase in Supply

A situation where the quantity of a good or service that producers are willing to supply at a given price rises.