Author Question: If the demand for a good is increasing while the supply curve remains unchanged, then we will ... (Read 109 times)

swpotter12 · **on:** Jun 29, 2018

If the demand for a good is increasing while the supply curve remains unchanged, then we will observe

A) more purchases at a higher price.
B) more purchases at a lower price.
C) fewer purchases at a higher price.
D) fewer purchases at a lower price.

Question 2

Marginal cost curves slope

A) upward because of increasing opportunity cost.
B) upward because of decreasing opportunity cost.
C) downward because of increasing opportunity cost.
D) downward because of decreasing opportunity cost.