What is the event that changes the quantity of tennis lessons supplied, and what is the event that changes the supply of tennis lessons? If the price of a tennis lesson rises, the ________, but if more people become tennis coaches, the ________. A. the supply of tennis lessons decreases; quantity supplied increases B. the supply of tennis lessons increases; quantity supplied decreases C. quantity supplied increases; the supply of tennis lessons increases D. quantity supplied decreases; the supply of tennis lessons increases
What is the event that changes the quantity of tennis lessons supplied, and what is the event that changes the supply of tennis lessons? If the price of a tennis lesson rises, the ________, but if more people become tennis coaches, the ________. A. the supply of tennis lessons decreases; quantity supplied increases B. the supply of tennis lessons increases; quantity supplied decreases C. quantity supplied increases; the supply of tennis lessons increases D. quantity supplied decreases; the supply of tennis lessons increases
Chapter5: Markets In Motion And Price Controls
Section: Chapter Questions
Problem 3P
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What is the event that changes the quantity of tennis lessons supplied, and what is the event that changes the supply of tennis lessons? If the price of a tennis lesson rises, the ________, but if more people become tennis coaches, the ________.
A. the supply of tennis lessons decreases; quantity supplied increases
B. the supply of tennis lessons increases; quantity supplied decreases
C. quantity supplied increases; the supply of tennis lessons increases
D. quantity supplied decreases; the supply of tennis lessons increases
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