If the price level rises, what will happen to aggregate supply?
a. It will shift outward.
b. It will shift inward.
c. Nothing.
d. It will get steeper.
e. It will get flatter.
c
You might also like to view...
Because Texas is a part of the United States, it also implements a political system, which defines that
a. Have the fundamental rights to govern these territories. b. President of the United States c. Governor of the State of Texas Congress d. The People e. Supreme Court judges
Monopolistically competitive firms face downward sloping residual demand curves because these firms
A) have relatively few rivals (compared to competition). B) sell differentiated products. C) A and/or B. D) None of the above.
In Brown v. Board of Education, the Supreme Court ruled that segregated facilities were inherently unequal
Indicate whether the statement is true or false
Price discrimination:
A. can benefit consumers with a lower willingness to pay when compared to other consumers in the market B. can be a successful strategy for any firm in a competitive market C. tends to decrease the profits of the firm. D. is more successful if resale of the product is possible from one consumer to another.