Suppose the supply of textbooks is upward sloping and shifts leftward due to higher ink and paper costs. Which of the following events would leave the equilibrium price of textbooks at the same level observed before the supply shift?
A) Demand is perfectly elastic (horizontal).
B) Demand is downward sloping and shifts leftward.
C) all of the above
D) none of the above
C
Economics
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Which organization possesses a generally conceded and exclusive right to coerce adults?
A) The capitalist enterprise B) The modern church C) The government D) The family
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In the long run, imports are paid for by
A) investment. B) exports. C) dollars. D) gold or other universally accepted monies.
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