Which of the following statements is (are) correct? (x) If the number of sellers in a market increases, then the supply curve for the good shifts to the right. (y) If the federal government places regulations on the production and sale of a good, it is probable that the  costs of production will increase and the supply curve for the good will shift to the left. (z) If buyers change expectations and now believe that the price of the product will fall in the future, then  they will increase demand today before the price decrease occurs. A. (x), (y) and (z) B. (x) and (y) only C. (x) and (z) only D. (y) and (z) only E. (y) only

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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 Which of the following statements is (are) correct?
(x) If the number of sellers in a market increases, then the supply curve for the good shifts to the right.
(y) If the federal government places regulations on the production and sale of a good, it is probable that the 
costs of production will increase and the supply curve for the good will shift to the left.
(z) If buyers change expectations and now believe that the price of the product will fall in the future, then 
they will increase demand today before the price decrease occurs.
A. (x), (y) and (z) B. (x) and (y) only
C. (x) and (z) only D. (y) and (z) only
E. (y) only 

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