A drought in the Midwest will raise the price of wheat because of a
A) leftward shift in the supply curve.
B) rightward shift in the supply curve.
C) leftward shift in the demand curve.
D) rightward shift in the demand curve.
A
Economics
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What is an indifference curve? Can two indifference curves intersect? Explain your answer
What will be an ideal response?
Economics
A firm that cheats in a cartel earns a higher profit because: a. it can spill over its cost onto other firms
b. it suffers only a fraction of loss due to lower product price. c. it is able to charge a higher price for its output. d. it can decrease the output of other firms.
Economics