(A)If the demand curve shifted to the right, along which of the two curves would the equilibrium price increase the most? (
B)If the demand curve shifted to the left, along which of the two supply curves would the equilibrium quantity decrease the most? (
C)Which of the two supply curves would better represent supply in the short run? (
D)Of the two supply curves, which one would be considered the less elastic?

Question

Quizplus · Accepted Answer

The Answer of  (A)If the demand curve shifted to the right, along which of the two curves would the equilibrium price increase the most? (
B)If the demand curve shifted to the left, along which of the two supply curves would the equilibrium quantity decrease the most? (
C)Which of the two supply curves would better represent supply in the short run? (
D)Of the two supply curves, which one would be considered the less elastic?

(A)If the Demand Curve Shifted to the Right, Along Which