Suppose the demand curve for a good shifts rightward, causing the equilibrium price to increase. This increase in the price of the good results in
A) a rightward shift of the supply curve.
B) an increase in quantity supplied.
C) a leftward shift of the supply curve.
D) a downward movement along the supply curve.
B
Economics
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When the marginal benefit equals the marginal cost of the last unit sold in a competitive market
A) producer surplus is equal to consumer surplus. B) the net benefit of consumers is equal to the net benefit of producers. C) an economically efficient level of output is produced. D) total benefit is equal to total cost.
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Why does the free-rider problem occur in the debt market?
What will be an ideal response?
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