China is one of the world's largest exporters. As the world's economies slipped into a worldwide recession in 2008, there was a ________ China's aggregate demand curve as China's exports ________.
A) rightward shift of; decreased
B) movement upward along; increased
C) leftward shift of; decreased
D) movement upward along; decreased
Question 2
In the above figure, if the price is P1, the firm will produce
A) nothing.
B) where MC equals ATC.
C) where MC equals P1.
D) where ATC equals P1.