Using Figure 1 above, if the aggregate demand curve shifts from AD2 to AD3 the result in the long run would be:

Marginal benefit is the

A) total benefit we receive from consuming a good or service. B) additional benefit we receive from consuming one more unit of a good or service. C) minimum amount of other goods or services we are willing to give u

Suppose the airplane market is an oligopoly. According to the figure above, the quantity produced can range as high as ________ planes per week and as low as ________ planes per week

A) 10; 4 B) 12; 6 C) 6; 0 D) 12; 0 E) None of the above answers is correct.