An increase in the price of milk would be shown by a:
A. rightward shift of the supply curve for milk.
B. movement up and to the right along the supply curve for milk.
C. leftward shift of the supply curve for milk.
D. movement down and to the left along the supply curve for milk.
B. movement up and to the right along the supply curve for milk.
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Suppose the required reserve ratio is 100%. Explain if the Federal Reserve could still change the money supply with open market operations?
What will be an ideal response?
Chocolate has just been found to increase your expected life span by 5 years if you eat it every day. In the market for chocolate, this information will lead to
A) an increase in price and a decrease in quantity. B) an increase in price and an increase in quantity. C) a decrease in price and a decrease in quantity. D) a decrease in price and an increase in quantity.