In the long run, the number of firms in an industry may change. If the number of firms increases, then
A) the supply curve will shift outward to the right.
B) the demand curve will shift outward to the right.
C) the supply curve will shift inward to the left.
D) the demand curve will shift inward to the left.
A
Economics
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If a country's population grows at the same rate as its real GDP, then real per capita GDP:
a. doesn't change. b. grows at an increasing rate. c. decreases at a decreasing rate. d. grows at a constant rate.
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The federal tax on cigarettes is
A. direct and regressive. B. direct and progressive. C. indirect and regressive. D. indirect and progressive.
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