Business, 25.12.2019 23:31 momneedshelphmwk
Yakov is skilled at making both bracelets and necklaces. yakov has no preference between making bracelets or necklaces since he earns the same amount from the two activities. if the selling price of necklaces increases from $12 to $24, then yakov's opportunity cost of making bracelets and making bracelets is now profitable than making necklaces. suppose that the bracelets market consists of several suppliers like yakov who are skilled at making both bracelets and necklaces. which of the following is likely to happen to the supply curve of bracelets when the price of a necklaces increases?
a. it shifts to the right
b. it shifts to the left
c. it does not change
Answers: 1
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Yakov is skilled at making both bracelets and necklaces. yakov has no preference between making brac...
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