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9. A dress manufacturer is expecting higher prices for dresses in the near future. We would expect a. the dress manufacturer to supply more dresses
9. A dress manufacturer is expecting higher prices for dresses in the near future. We would expect a. the dress manufacturer to supply more dresses now. the demand for this manufacturer's dresses to fall. C. the dress manufacturer to supply fewer dresses now. d. the demand for this manufacturer's dresses to rise. 10. An increase in the price of oranges would a. lead to an increased supply of oranges. b. lead to a movement up the supply curve for oranges. lead to an increased demand for oranges. d. lead to a reduction in the prices of inputs used in orange production. 11) When a market price allocates a scarce resource, A) everyone in the economy can use the resource. B) the richest people get the resource. C) willingness-to-pay is not an issue. D) ability to pay for the resource is less important than willingness-to-pay. E) only those who are willing and able to pay get the resource
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