Which of the following would cause prices to fall and output to rise in the short run?
a. short-run aggregate supply shifts right
b. short-run aggregate supply shifts left
c. aggregate demand shifts right
d. aggregate demand shifts left
a
Economics
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As the price of a product falls, the demand for the product increases, ceteris paribus
Indicate whether the statement is true or false
Economics
A firm in a perfectly competitive market
a. can raise the price of its product and sell more output b. can lower the price of its product and sell more output c. can increase its supply to lower the price d. can decrease its supply to raise the price e. accepts the market price for its product
Economics