If a demand curve shifts rightward, this means
A) quantity demanded is greater only at one particular price.
B) quantity demanded is greater at every price.
C) buyers are willing and able to purchase more of the good at every price.
D) buyers are willing and able to purchase less of the good at every price.
E) b and c
E
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Lower prices are always better for society.
Answer the following statement true (T) or false (F)
The break-even level out output occurs for a business when
A) Marginal cost equals marginal revenue. B) Average revenue equals marginal revenue. C) Marginal revenue equals average total cost. D) Average revenue equals average variable cost.
When a shift in the aggregate supply curve is caused by a change in the price level, the aggregate demand curve also shifts
Indicate whether the statement is true or false
In the United States, a patent lasts
A. 20 years. B. 14 years. C. forever. D. 7 years.