Establishing a list of favored customers is an alternative rationing mechanism to price rationing.

A duopoly is a form of

A) perfect competition. B) monopolistic competition. C) oligopoly. D) monopoly.

Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as

A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting downward C. Aggregate demand shifting rightward D. Aggregate demand shifting leftward