A market with demand Q = 100 - 3P is currently in equilibrium with 40 units being sold. It follows that the current price elasticity of demand

All of the following shift the short-run aggregate supply curve EXCEPT

A) a change in the price level. B) a change in the money wage rate. C) a change in the price of a raw material. D) technological progress.

Globalization of markets can reduce oligopoly power by

a. increasing the number of competitors b. increasing market prices c. bypassing antitrust legislation in a particular country d. identifying new markets for goods and services e. reducing the economies of scale