If the demand curve for a good is horizontal and the price is positive, then a leftward shift of the supply curve results in
A) a price of zero.
B) an increase in price.
C) a decrease in price.
D) no change in price.
D
Economics
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As market price increases in the short run, a profit-maximizing firm in a perfectly competitive market will expand output along its:
A. marginal cost curve. B. average total cost curve. C. average variable cost curve. D. market demand curve.
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There was (were) just _____ $100 billion merger(s) in U.S. history.
A. 1 B. 3 C. 6 D. 20
Economics