If the demand curve is vertical a rightward shift of the supply curve will lead to
A) an increase in quantity supplied.
B) an increase in quantity demanded.
C) a decrease in quantity demanded.
D) a decrease in price.
D
Economics
You might also like to view...
What is required for a negative externality to occur?
A) The intention or plan to directly impose costs on others B) The full costs of an action aren't taken into account C) A total lack of concern for other people's welfare D) Greed
Economics
In the above figure, the short-run aggregate supply curve is SAS and the aggregate demand curve is AD. An inflationary gap exists
A) if the long-run aggregate supply curve is LAS1. B) if the long-run aggregate supply curve is LAS2. C) if the long-run aggregate supply curve is LAS3. D) All of the above answers are correct.
Economics