A shift from S1 to S2 represents



A. an increase in supply.

B. a decrease in supply.

C. no change in supply.


B. a decrease in supply.

Economics

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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________. 

A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C

Economics

In the figure above, when the price of a CD is $8.00, total producer surplus from all the CDs will be

A) zero. B) greater than at $10.00 per CD. C) $20 million. D) $10 million.

Economics

Inflation is

A) a one time increase in the general level of prices. B) a persistent increase in the price of an individual good, service or resource. C) a persistent increase in the general level of prices. D) a one time increase in the price of an individual good or service.

Economics

Someone who had been stereotyped may experience which of the following?

A) lower job satisfaction B) higher absenteeism C) health issues D) higher turnover intentions E) each of these may occur

Economics