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When we increased our quantity supplied of masks, we needed to pull more resources- like labor hours- from the production of gloves to masks." Question- In terms of gloves we???? a) increased our quantity supplied- a downward movement along the supply curve for gloves b) decreased our supply- a leftward shift of the supply curve for gloves c) decreased our quantity supplied- an upward movement along the supply curve for gloves d) increased our supply- a rightward shift of the supply curve for gloves.    PS- the graph shown is about N95 MASKS, not gloves.   Is the answer B? Idk why.

When we increased our quantity supplied of masks, we needed to pull more resources- like labor hours- from the production of gloves to masks." Question- In terms of gloves we???? a) increased our quantity supplied- a downward movement along the supply curve for gloves b) decreased our supply- a leftward shift of the supply curve for gloves c) decreased our quantity supplied- an upward movement along the supply curve for gloves d) increased our supply- a rightward shift of the supply curve for gloves.    PS- the graph shown is about N95 MASKS, not gloves.   Is the answer B? Idk why.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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When we increased our quantity supplied of masks, we needed to pull more resources- like labor hours- from the production of gloves to masks."

Question- In terms of gloves we????

a) increased our quantity supplied- a downward movement along the supply curve for gloves

b) decreased our supply- a leftward shift of the supply curve for gloves

c) decreased our quantity supplied- an upward movement along the supply curve for gloves

d) increased our supply- a rightward shift of the supply curve for gloves. 

 

PS- the graph shown is about N95 MASKS, not gloves.

 

Is the answer B? Idk why. 

 

 

Economics Materials Mentor N95 Market N95 Return to Equilibrium Wow, so in the market, suppliers went from supplying 500 to 4,250 masks - that is a LOT more! So I know we here at Safety Supplies increased our quantity supplied of masks as well, but we had to make some changes, right? $200 Derrick Most definitely! We make more than just N95 masks, so increasing our quantity supplied of masks caused us to change production decisions about the other goods we produce. $10 D1 Hannah Do Yes, I noticed that! We produce needle-safe gloves as well. When we increased our quantity supplied of masks, we needed to pull more resources -- like labor hours -- from the production of gloves to masks. Q2 Q1 Quantity Quantity Demanded: Quantity Supplied: Quantity Demanded: Price Derrick In terms of gloves, we: D_0 S_0 D_1 $10 500 500 5,500 $200 4,250 4,250 increased our quantity supplied -- a downward movement along the supply curve for gloves. decreased our supply -- a leftward shift of the supply curve for gloves. decreased our quantity supplied - an upward movement along the supply curve for gloves. increased our supply - a rightward shift of the supply curve for gloves. Price
Transcribed Image Text:Economics Materials Mentor N95 Market N95 Return to Equilibrium Wow, so in the market, suppliers went from supplying 500 to 4,250 masks - that is a LOT more! So I know we here at Safety Supplies increased our quantity supplied of masks as well, but we had to make some changes, right? $200 Derrick Most definitely! We make more than just N95 masks, so increasing our quantity supplied of masks caused us to change production decisions about the other goods we produce. $10 D1 Hannah Do Yes, I noticed that! We produce needle-safe gloves as well. When we increased our quantity supplied of masks, we needed to pull more resources -- like labor hours -- from the production of gloves to masks. Q2 Q1 Quantity Quantity Demanded: Quantity Supplied: Quantity Demanded: Price Derrick In terms of gloves, we: D_0 S_0 D_1 $10 500 500 5,500 $200 4,250 4,250 increased our quantity supplied -- a downward movement along the supply curve for gloves. decreased our supply -- a leftward shift of the supply curve for gloves. decreased our quantity supplied - an upward movement along the supply curve for gloves. increased our supply - a rightward shift of the supply curve for gloves. Price
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