【題目】 The expansion of capital that can occur in the long-run but not in the short-run, means that the long-run supply is less elastic than the short-run supply curve. more elastic than the short-run supply curve. sloping downwards while the short-run supply curve is upward sloping. perfectly horizontal while the short-run supply curve is upward sloping.
【題目】 A decrease in the supply lowers its equilibrium price and increases its equilibrium quantity. increases both its equilibrium price and its equilibrium quantity. raises its equilibrium price and decreases its equilibrium quantity. decreases both its equilibrium price and its equilibrium quantity.
【題目】 When demand increases and supply decreases, the equilibrium price falls, and the equilibrium quantity might increase, decrease, or remain constant. equilibrium price rises, and the equilibrium quantity might increase, decrease, or remain constant. equilibrium quantity decreases, and the equilibrium price might rise, fall, or remain constant. equilibrium quantity increases, and the equilibrium price might rise, fall, or remain constant.
【題目】 The supply curve for a good or service shows the sellers’ maximum acceptable price. target price. average acceptable price. minimum acceptable price.
【題目】 When demand increases and supply decreases, the equilibrium price falls, and the equilibrium quantity might increase, decrease, or remain constant. equilibrium quantity decreases, and the equilibrium price might rise, fall, or remain constant. equilibrium quantity increases, and the equilibrium price might rise, fall, or remain constant. equilibrium price rises, and the equilibrium quantity might increase, decrease, or remain constant. -----答案