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Author Question: If price is initially above the equilibrium level A) the supply curve will shift rightward. B) ... (Read 123 times)

Cooldude101

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on: Jul 1, 2018
If price is initially above the equilibrium level
 
  A) the supply curve will shift rightward.
  B) the supply curve will shift leftward.
  C) excess supply exists.
  D) all firms can sell as much as they want.

Question 2

When a unit tax is placed on a supplier they are generally able to shift a portion of the burden to demanders by raising the prices paid by demanders.
 
  a. True b. False


xiazhe

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Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

a


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