When the demand curve shifts rightward and the market moves to a new equilibrium, then the
A) quantity supplied increases.
B) supply decreases.
C) quantity supplied decreases.
D) supply increases.
E) price falls to restore the equilibrium.
A
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If a firm makes negative short run profits, it will exit the industry in the long run.
Answer the following statement true (T) or false (F)
The individual's budget constraint is _____
a. the amount of money she has in the bank b. determined by dividing the individuals income by the price of the goods she wants to buy c. the maximum amount one good she can consume given her consumption of other goods d. a line depicting all the possible budgets an individual could have at various occupations
A labor union is a group of workers and business owners who join together to improve working conditions
a. True b. False
An increase in people's expected future disposable income ________ saving supply, and the supply of loanable funds curve ________
A) decreases; shifts rightward B) does not change; does not shift C) increases; shifts rightward D) increases; shifts leftward E) decreases; shifts leftward