When there are few substitutes available for a good, demand tends to be relatively inelastic
Indicate whether the statement is true or false
TRUE
Economics
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An adverse oil price increase will shift the short-run aggregate supply curve:
A) leftward. B) rightward. C) will not shift. D) none of the above.
Economics
Refer to the information provided in Figure 9.1 below to answer the question(s) that follow. 
Figure 9.1Refer to Figure 9.1. If this farmer is maximizing profits, his profit will be
A. -$24. B. $45. C. $48. D. $72.
Economics