A shift from S1 to S2 causes equilibrium price to __________ and quantity to __________.
A. rise; rise
B. fall; fall
C. rise; fall
D. fall; rise
C. rise; fall
You might also like to view...
Competition for votes between two political parties will cause those parties to
A) produce quite different policy proposals. B) have very similar policy proposals. C) find ways to clearly distinguish themselves in order to give voters a clear choice. D) a and c E) none of the above
Suppose the accompanying table describes the demand for a good produced by monopolist.PriceQuantity$101$92$83$74$65$56$47 Based on the data in the table, we know the firm should:
A. not produce the fifth unit. B. not produce the seventh unit. C. produce more than 7 units. D. be able earn an economic profit.
Figure 10-1
?
If the price level in Figure 10-1 were 100,
A. firms would have to lower their prices. B. inventories would be accumulating. C. shortages of goods would exist. D. aggregate quantity demanded would exceed aggregate quantity supplied. E. both c and d would occur.
The relationship between aggregate expenditures and disposable income is shown by the:
A. ? aggregate expenditures curve. B. ?consumption function. C. ?investment curve. D. ?saving-disposable personal income curve.