The change in price that results from a rightward shift in demand will be greater if
A) the supply curve is horizontal than if the supply curve is upward sloping.
B) the supply curve is relatively steep than if the supply curve is relatively flat.
C) the supply curve is upward sloping than if the supply curve is vertical.
D) the supply curve is horizontal than if the supply curve is vertical.
B
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Which of the following is true about the Fed?
A. It has a lot of power to affect the inflation rate, but not the unemployment rate. B. It cannot directly affect the economy but it can influence institutions that can affect the economy. C. It has more power to affect the economy than any other institution. D. It has no real power since in the long run, money is neutral.
The United States has less income inequality than most other developed countries.
Answer the following statement true (T) or false (F)