Question 13 of 28(4)/(c)Classify each scenario according to whether it represents achange in quantity supplied...
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Economics
Question 13 of 28
(4)/(c)
Classify each scenario according to whether it represents achange in quantity supplied or a change in supply. a. If the priceof apples decreases to
$5
per bushel, Farmer Jack will supply 5 bushels of apples insteadof 10 bushels of apples. b. As the price of apples increases,Farmer Jack increases the number of apples he offers for sale.
?
c. Johnny, the jeweler. increases his inventory because heexpects the price of jewelry to increase at the end of theyear.
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d. Since Johnny is a successful jeweler, Jimmy also becomes ajeweler.
?
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