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1.Which of the following would cause the supply curve to shift to the right? Select one: A decrease in the costs of production. A decrease
1.Which of the following would cause the supply curve to shift to the right? Select one: A decrease in the costs of production. A decrease in the number of sellers. A decrease in price. An increase in the number of buyers. 2.Consider the market for leather boots. If leather boots go out of fashion, and at the same time there is a decrease in the price of leather, then ceteris paribus we would expect: Select one: the equilibrium price of leather boots will decrease, but the effect on the equilibrium quantity is ambiguous. the equilibrium quantity of leather boots will increase, but the effect on the equilibrium price is ambiguous. the equilibrium price of leather boots will increase, but the effect on the equilibrium quantity is ambiguous. the equilibrium quantity of leather boots will decrease, but the effect on the equilibrium price is ambiguous
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