A change in the price of a good will shift the indifference curves.

With asymmetric information, firms might be reluctant to improve the quality of their products because

A) it costs them more to produce the better quality product. B) they are not able to completely capture the benefits of the improvement. C) consumers do not value the better product. D) consumers are better informed about the product and value the new product less.

The market supply curve of a good: a. is the horizontal sum of all the individual supply curves of the good. b. is the vertical sum of all the individual supply curves of the good. c. is always steeper than the individual supply curves of the good

d. is always flatter than the individual supply curves of the good.