In the short run, an increase in market demand will usually lead ...

[gonzo233]

In the short run, an increase in market demand will usually lead to a(n)
 a. decrease in price and an increase in quantity.
  b. decrease in price and a decrease in quantity.
  c. increase in price and an increase in quantity.
  d. increase in price and a decrease in quantity.

Question 2

The short-run market supply curve is
 a. the horizontal summation of each firm's short-run supply curve.
  b. the vertical summation of each firm's short-run supply curve.
  c. the horizontal summation of each firm's short-run average cost curve.
  d. the vertical summation of each firm's short-run average cost curve.

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Answer to Question 1

c

Answer to Question 2

a

[gonzo233]

Wow, this really help

[FergA]

Thanks for the timely response, appreciate it