An increase in the price level shifts the AE curve
A) upward and shifts the AD curve leftward.
B) upward and shifts the AD curve rightward.
C) downward and shifts the AD curve rightward.
D) downward and does not shift the AD curve.
E) downward and shifts the AD curve leftward.
D
Economics
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Given the total cost and total revenue curves in the above figure, what are the output levels at which the perfect competitor will earn a positive economic profit?
A) from 0 to 30,000 bushels B) from 0 to 60,000 bushels C) between 30,000 and 80,000 bushels D) over 80,000 bushels
Economics
For a demand schedule, which of the following is held constant?
A) relative prices B) quantity demanded C) quality of the good D) nominal prices
Economics