Macro Economics

I am answering a mutiple choice question and there are two that seem correct.

One answer is "Supply will increase"
The other is the other is "There will be movement along the supply curve to a higher quantity supplied."

What is the diference between these two answers??

Or am I totally off? Here is the question.

An increase in the price of coffee will have what effect on the market for coffee?

--Demand will increase
--Supply will increase
--There will be movement along the supply curve to a higher quantity supplied
--There will be movement along the demand curve to a higher quantity demanded
--None of the above

asked by Greg
  1. just because the increase of price, the actualy supply will increase, but the movement along the supply curve to a higher quantity supplied would be correct

    posted by Kristen
  2. still do not see a diference in the two answers. It is leading me to surmize that "None of the above" is the correct answer.

    Possible because true answer would be that demand will decrease. Coffee would take 3 years to increase based on price of today.

    posted by greg

Respond to this Question

First Name

Your Response

Similar Questions

  1. Statistical concept 68-95-99.7

    1. A student taking a midterm exam in Ancient History comes to two questions pertaining to a lecture that he missed, and so he decides to take a random guess on both questions. One question is true-false and the other is multiple
  2. Stat HW for.

    1. A student taking a midterm exam in Ancient History comes to two questions pertaining to a lecture that he missed, and so he decides to take a random guess on both questions. One question is true-false and the other is multiple
  3. English for john browm

    Let me give you something on "multiple-choice" items that may help you to guess better. Many teachers prepare multiple-choice tests because they are easy to mark and offer the student the advantage of actually seeing what the
  4. Economics

    Could you please check this Directions: Match each item with the correct statement. Here are the words: supply elasticity law of supply price system technology price ceiling supply inelastic supply curve shortage market supply
  5. Statistics

    On a very short quiz, there is one multiple choice question with 5 possible choices (a, b, c, d, e) and one true or false question. Assume you are taking the quiz but do not have any idea what the correct answer is to either
  6. Social studies

    1. What event would most likely cause an increase in sales A. Decrease in price B. Increase in supply C. Decrease in product quality D. Increase in quality product Answer: A 2. What is stated by the law of supply A. An increase in
  7. statistics

    10. A student is taking a multiple choice test where each question have 5 possible answers of which only one is right. If the student knows the answer the student answers correctly, otherwise there is a 20% probability of correct
  8. statistics

    A student is taking a multiple choice test where each question have 5 possible answers of which only one is right. If the student knows the answer the student answers correctly, otherwise there is a 20% probability of correct
  9. math

    Beth Dahlke is taking a ten question multiple choice test for which each question has three answer choice only one of which is correct. Beth decides on answers by rolling a fair die and making the first answer choice if the die
  10. math

    Beth Dahlke is taking a ten question multiple choice test for which each question has three answer choice only one of which is correct. Beth decides on answers by rolling a fair die and making the first answer choice if the die

More Similar Questions