Author Question: Suppose that the supply curve remains unchanged. If the demand curve shifts to the right A) the ... (Read 160 times)

ec501234 · **on:** Jun 29, 2018

Suppose that the supply curve remains unchanged. If the demand curve shifts to the right

A) the market clearing price definitely will decrease.
B) the market clearing price definitely will increase.
C) there will be no change in the market clearing price.
D) the market will collapse.

Question 2

Using the above table but now the bakery bakes 30 pizzas and 240 loaves of bread (alternative B), moving from alternative B to alternative D, what is the opportunity cost of one pizza pie?

A) 2.5 loaves of bread
B) 2 loaves of bread
C) 0.5 loaf of bread
D) 150 loaves of bread