Question
For the following questions, put the answer for the first blank as the first letter, the answer for the second blank as the second letter
For the following questions, put the answer for the first blank as the first letter, the answer for the second blank as the second letter and the answer for the 3rd blank as the third answer. Suppose that you think the answer is quantity supplied, movement along, supply and demand; the answer you enter is ACGH
For right answer you get 1 mark, for every wrong answer you will loose 1 mark.
A) Quantity Supplied B) Quantity Demanded C) Movement along the
D) Shift E) Leftward F) Rightward G) Supply H) Demand
Consider the market for sedans. For simplicity, assume that all sedans are identical and sell for the same price. Suppose that the speed with which manufacturing robots can fasten bolts, or robot speed is increased that would mean a Answer shift of the ___________________ curve and as the price changes there will be a movement along the ____________________ curve and a change in _____________________ as a result.
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