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Author Question: When economic profits are positive in a perfectly competitive industry, a. we would expect the ... (Read 94 times)

RYAN BANYAN

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When economic profits are positive in a perfectly competitive industry,
 a. we would expect the market supply curve to shift to the left as a result.
  b. we would expect the market supply curve to shift to the right as a result.
  c. we would not expect any change in the market supply curve to result.
  d. we would expect that the market demand curve to shift right as a result

Question 2

Which of the following is an effect of paper recycling on pulpwood?
 a. Recycling leads to an increase in acreage devoted to pulpwood.
  b. Recycling leads to a decrease in acreage devoted to pulpwood.
  c. Recycling increases the demand for pulpwood.
  d. Recycling increases the market price of pulpwood.



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TINA

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Answer to Question 1

b

Answer to Question 2

B





 

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