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One negative externality that could occur would be the potential noise pollution that it creates as neighbouring residents may be unhappy about the new disruption.Another negative externality could occur ...

These are policies imposed by the government in order to increase the productive potential of the economy. In simple terms, it is basically a way of making people work better and for companies to produce ...

An increase in a firm's production costs might also mean a fall in a firm's willingness to supply a product, thereby resulting in a fall in the quantity of the product supplied, resulting in a new higher ...

a) prices remain constantb) suppliers will increase pricec) consumers will demand mored) suppliers will reduce pricethe answer would be D as the supply increases, this causes a rightwards shift in supply,...

A downwards sloping demand curve in a supply and demand diagram for micro-economics sits on a X axis named quantity and Y axis named price. The demand curve is linear and slops downwards start from Q=0 an...