If a significant number of consumers switch from consuming traditional baked goods to consuming vegan baked goods, a vegan bakery will likely find its demand curve shifting to the ________ and its marginal revenue curve shifting to the ________ as

If a firm is not forced to pay for external costs, it will

A) continue to overproduce the good. B) continue to under produce the good. C) request a subsidy from the government. D) raise prices.

Following an unexpected decline in aggregate demand, once production cutbacks start offsetting rising inventory levels:

a. the aggregate demand curve will shift to the right. b. the aggregate supply curve will shift to the left. c. the economy will return to its natural rate of unemployment. d. the short-run Phillips curve will shift to the right. e. the economy will face both higher inflation and a higher unemployment rate.