An aggregate supply curve that is a vertical line must be:
A. a short-run curve.
B. a long-run curve.
C. an individual firm's supply curve.
D. an individual industry's supply curve.
B. a long-run curve.
Economics
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If the monopoly illustrated in the figure above could engage in perfect price discrimination, the deadweight loss would be
A) $0. B) $22.50. C) $90.00. D) $250.00.
Economics
A surplus occurs when the actual selling price is above the market equilibrium price
Indicate whether the statement is true or false
Economics