If a supply curve shifts rightward along a downward sloping demand curve
a. the quantity supplied will increase
b. the quantity supplied will decrease
c. it makes no sense to talk about a change in quantity supplied
d. the quantity demanded will decrease
e. the price will increase
C
You might also like to view...
The FDIC was created in
A) 1863. B) 1913. C) 1934. D) 1991.
Proponents of strategic trade policy contend that:
a. government should tax domestic firms to generate greater revenues. b. government should encourage imports to prevent monopoly in the domestic market. c. government should provide subsidies to domestic firms with decreasing costs. d. government should discourage domestic firms with decreasing costs from continuing production. e. government should tax domestic import competing firms.
The most important characteristic that differentiates one market structure from another is the
a. time it takes for new firms to enter b. amount of short-run economic profit c. degree to which goods complement each other d. number of producers selling in the market e. barriers to entry
A positive temporary supply side shock will:
A. increase the level of potential output in the long run. B. decrease the price level in the long run. C. increase the price level in the long run. D. have no effect in the long run.