Microeconomics

Suppose the demand curve for a good shifts rightward, causing the equi

Suppose the demand curve for a good shifts rightward, causing the equilibrium price to increase. This increase in the price of the good results in A) a rightward shift of the supply curve. B) an increase in quantity supplied. C) a leftward shift of the supply curve. D) a downward movement along the supply curve. […]

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Date: September 9th, 2020