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26 Jan 2019
Briefly explain whether each of the following statements describes a change in supply or a change in the quantity supplied:
A. To take advantage of high prices for snow shovels during a snowy winter, alexander shovels, inc., decides to increase output.
B. The success of the Apple iPad leads more firms to begin producing tablet computers.
C. In the six months, following the Japanese earthquake and tsunami in 2011, production of automobiles in Japan declined by 20 percent.
Briefly explain whether each of the following statements describes a change in supply or a change in the quantity supplied:
A. To take advantage of high prices for snow shovels during a snowy winter, alexander shovels, inc., decides to increase output.
B. The success of the Apple iPad leads more firms to begin producing tablet computers.
C. In the six months, following the Japanese earthquake and tsunami in 2011, production of automobiles in Japan declined by 20 percent.
2 Jun 2021
