|Author||Topic: A supply curve question: which answer should I choose?|
A coal mining company agrees to an across the board pay raise for its miners. How will this impact that firm's coal supply curve?
a) The quantity supplied will increase only.
b) The supply curve will shift to the right.
c) The supply curve will shift to the left.
d) Impossible to determine.
SS curve should shift right but CETERIS PARIBUS only.
SO in this circumstance since the word ceteris paribus is not included in the answer I will go for (d) Impossible to determine
|no worries supply has nthg 2 do with labour wages/pay lolz , general rule , thik urself in same co situation and realise , so ans is "d" in given case|
|@ncfa nice answer|
|answer "d" is the best among the four|