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.
Gram Positive Testing
Constant velocity versus positive velocity
Economic and Social Development
economic question
economic question
economic question