A supply shock causes a shift in:
What will be an ideal response?
short-run aggregate supply.
Economics
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The winner in a first-price sealed-bid auction pays an amount equal to ________
A) his bid B) the second-highest bid C) half of his bid D) the lowest bid
Economics
Predatory pricing is a well-defined antitrust offense
Indicate whether the statement is true or false
Economics
Which group has ultimate control over the U.S. economy?
A. Business B. Government C. Multinationals D. Households
Economics
Which of the following will definitely occur when there is an increase in the supply of and decrease in demand for MP3 players?
A. a decrease in equilibrium price B. an increase in equilibrium price C. an increase in equilibrium quantity D. a decrease in equilibrium quantity
Economics