A downward-sloping portion of a long-run average total cost curve is the result of

A rightward shift of the supply curve will lead to a(n)

A) decrease in equilibrium price. B) excess supply at the old equilibrium price. C) increase in quantity demanded. D) All of the above.

People who often impose cost on the majority in order to benefit certain groups are called:

a. laissez-faire groups. b. encounter groups. c. fair-interest groups. d. special-interest groups. e. none of these.