When supply changes there is a ____, and when the price changes there is a ____. Question 23 options:
A. movement along the supply curve; shift in the supply curve
B. shift in the supply curve; shift in the supply curve
C. shift in the supply curve; movement along the supply curve
D. movement in the quantity supplied; shift in selling plans
E. change in the quantity supplied; change in supply
C. shift in the supply curve; movement along the supply curve
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In the above figure, if this natural monopoly is not regulated the deadweight loss to society is
A) ecf. B) ebc. C) gac. D) gde.
If supply decreases and demand increases
A) the market clearing price definitely rises, and the equilibrium quantity falls. B) the market clearing price definitely rises, and the equilibrium quantity is indeterminate. C) the market clearing price definitely falls, and the effect on the equilibrium quantity is indeterminate. D) the effect on the market clearing price is indeterminate, and the equilibrium quantity definitely falls.