In the above figure, in order for the equilibrium price to remain constant while the equilibrium quantity increases, the
A) supply and demand curves both would have to shift leftward.
B) supply curve would have to shift leftward and the demand curve would have to shift rightward.
C) supply curve would have to shift rightward and the demand curve would have to shift leftward.
D) supply and demand curves both would have to shift rightward.
D
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The table above gives Cathy's total utility from Mt. Dew. Cathy's marginal utility from the 4th Mt. Dew is ________ units
A) 75 B) 90 C) 15 D) 82.5
Natural resources:
A. are production inputs that come from the earth. B. include lakes, mineral deposits, forests, and so on. C. can be split into two categories: renewable or nonrenewable. D. All of these are true statements.
In a properly functioning economy, money costs approximate opportunity costs
a. True b. False Indicate whether the statement is true or false
A decrease in the stock of capital may
A. decrease potential GDP. B. increase labor productivity. C. increase real GDP. D. decrease skilled labor.