Use the following graphs for a perfectly competitive market in the short run to answer the next question.
The graphs suggest that in the long run, assuming no changes in the given information, the market
A. supply curve will shift to the right.
B. demand curve will shift to the right.
C. supply curve will shift to the left.
D. demand curve will shift to the left.
Answer: A
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In the early stages of development, educational spending should be focused on
a. basic literacy b. agricultural skills c. basic technical skills d. accounting and management skills e. all of the above
The origins of modern monetarism lie in the work of the
A) Classical economists. B) Keynesians. C) Malthusians. D) Mercantilists.
Some mutual funds in the United States are now investing in stocks of foreign firms
By expanding to global financial markets, these mutual funds will be able to diversify their stock portfolios, allowing savers more options to spread their money among many financial investments. This is an example of A) risk sharing. B) providing information. C) investor securitization. D) decreasing liquidity.
If initial equilibrium real Gross Domestic Product (GDP) is $400 billion, MPC = 0.9, and autonomous investment increases $40 billion, equilibrium real Gross Domestic Product (GDP) will be
A) $440 billion. B) $360 billion. C) $600 billion. D) $800 billion.