66) That the supply curve for ice cream cones is upward sloping indicates that
Answer is:
the marginal cost of providing ice cream cones increases as more cones are produced.
Related Micro Economics MCQ (GK Set-1) with Answers
Answer is:
a decrease in the price of watch batteries if watch batteries and watches are complements
Answer is:
an increase in the price of watches.
Answer is:
there is a surplus (i.e. an excess supply) and the price will fall.
Answer is: