Refer to the figures. Which of the following events would most likely result in inflation?
A. A shift from D 2 to D 1 in Figure A.
B. A shift from D 2 to D 3 in Figure A.
C. A shift from D 2 to D 1 in Figure B.
D. A shift from D 2 to D 3 in Figure B.
B. A shift from D 2 to D 3 in Figure A.
Economics
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In the above figure, if D2 is the original demand curve and the population falls, which price and quantity might result?
A) point a, with price P2 and quantity Q2 B) point b, with price P1 and quantity Q1 C) point c, with price P3 and quantity Q3 D) point d, with price P1 and quantity Q3
Economics
When a resource price is below equilibrium,
a. excess supply will be present. b. excess demand will be present. c. the supply of the resource will be inelastic. d. the demand for the resource will be inelastic.
Economics