A change in weather could ____
a) shift the long-run aggregate-supply curve.
b) cause a left to right movement along the long-run aggregate-supply curve.
c) cause a right to left movement along the long-run aggregate-supply curve.
d) not change the long-run aggregate-supply curve.
Ans: a) shift the long-run aggregate-supply curve.
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Why would a firm choose to remain in an industry in which it makes an economic profit of zero?
What will be an ideal response?
Assume that a computer is a normal good. An increase in consumer income, other things being equal, would:
a. cause an upward movement along the demand curve for computers. b. cause a downward movement along the demand curve for computers. c. shift the demand curve for computers to the left. d. shift the demand curve for computers to the right.