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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
2.4 Briefly explain whether each of the following statements describes a change in supply or a change in the quantity supplied:
a. To take advantage of high prices for snow shovels during a snowy winter, Alexander Shovels, Inc., decides to increase output.
b. The success of the Apple iPhone leads more firms to begin producing smartphones.
c. In the six months following the Japanese earthquake and tsunami in 2011, production of automobiles in
Japan declined by 20 percent.
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