Own price increases of a good causes the demand curve to shift.

Wage and price stickiness

A. give rise to a vertical long-run aggregate supply curve. B. give rise to a vertical short-run aggregate supply curve. C. creates a surplus or a shortage of real GDP. D. prevents the economy from producing its potential level of real GDP.

Diane Rae is a farmer in the perfectly competitive industry of sugar cane. She knows that she can sell more output than she currently does

a. only by lowering the price of her sugar cane b. only if she is able to drive out some of her competition c. without affecting the market price d. by raising the barriers to entry so that more of the market is left to those like herself who are already in the industry e. only if she can develop a patent on sales