The first bankers were

In the above figure, the shift in the supply curve from S to S2 reflects

A) an increase in the supply of pizza. B) an increase in the quantity of pizza supplied. C) a decrease in the quantity of pizza supplied. D) a decrease in the supply of pizza. E) a decrease in the supply of pizza and a simultaneous decrease in the quantity of pizza supplied.

In a perfectly competitive market that is in long-run equilibrium, a rightward shift in the market demand curve results in

A) the price falling in the short run. B) the firms' economic profits falling in the short run. C) firms leaving the industry in the long run. D) none of the events listed above.