How much the quantity of a good traded changes after a shift of the supply curve depends on
a. the size of the shift.
b. the slope of the demand curve.
c. whether the market is subject to price controls.
d. All of the above are correct.
d
Economics
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Two firms in an oligopoly can always do better if one firm buys the other.
Answer the following statement true (T) or false (F)
Economics
If a price ceiling is set above the equilibrium price in a market
A. rationing will be necessary. B. the quantity supplied will equal the quantity demanded. C. the quantity demanded will exceed the quantity supplied. D. surpluses of the commodity will develop.
Economics