8. All of the following shift the supply of watches to the right except a. an increase...
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8. All of the following shift the supply of watches to the right except
a. an increase in the price of watches.
b. an advance in the technology used to manufacture watches.
c. a decrease in the wage of workers employed to manufacture watches.
d. manufacturers' expectations of lower watch prices in the future.
c. All of the above cause an increase in the supply of watches.
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Related Book For
Study Guide For N. Gregory Mankiw's Principles Of Microeconomics
ISBN: 9783030019983
5th Edition
Authors: David R. Hakes
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