Which of these changes could cause the shift shown here? I. Dye jobs become less popular, and their prices fall. II. New clippers allow haircuts to be done more quickly. III. New clippers allow individuals to cut their own hair more easily, so prices are expected to fall in the future. Price (per haircut) Supply, Supply2 a) I and II only b) Il and III only c) I and III only d) I, II, and III Quantity (haircuts per day) Anderson, Survey of Economics, © 2019 Worth Publishers

Which of these changes could cause the shift shown here? I. Dye jobs become less popular, and their prices fall. II. New clippers allow haircuts to be done more quickly. III. New clippers allow individuals to cut their own hair more easily, so prices are expected to fall in the future. Price (per haircut) Supply, Supply2 a) I and II only b) Il and III only c) I and III only d) I, II, and III Quantity (haircuts per day) Anderson, Survey of Economics, © 2019 Worth Publishers

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter4: Supply And Demand: An Initial Look

Section: Chapter Questions

Problem 2TY

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