Suppose demand for a good is QD = 100 - P and supply is QS = -20 + P. Suppose that a nationwide quota (of 20) is enforced so that more can be used in a war effort. What is the price?

A fall in the price level produces a ________ the aggregate supply curve

A) rightward shift of B) movement upward along C) rightward shift of the aggregate supply curve and a movement downward along D) movement downward along E) leftward shift of

"Price discriminators lose money by being nice to their customers." Is the previous statement correct or incorrect?

What will be an ideal response?