Suppose That a Market Is Currently at Equilibrium

question 77

Multiple Choice

Suppose that a market is currently at equilibrium.A rightward shift of the supply curve would imply

• A) a rightward shift of the demand curve.
• B) a leftward shift of the demand curve.
• C) that the supply curve would continue to shift to the right over time.
• D) that the supply curve would eventually have to shift back to its original position.
• E) that there is a downward movement along the existing demand curve.

---

Definitions:

Kant

Relates to Immanuel Kant, an influential philosopher known for his work in epistemology, ethics, and aesthetics.

Utilitarian Approach

A moral philosophy suggesting that the best action is the one that maximizes utility, generally defined as that which produces the greatest well-being of the greatest number of people.

Stakeholders

Parties interested or affected by the performance of a business, including employees, customers, shareholders, and suppliers.

Majority Benefits

The positive outcomes or advantages experienced by the greater number or majority of stakeholders involved in a situation or decision.