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Any event that causes either the demand curve or the supply curve to shift will also change the equilibrium price and quantity.
Q54: Historical demand curves are always suspect because
Q74: The United States is one of the
Q109: In a market economy, opportunity costs are
Q129: If a price floor is removed, which
Q130: The marginal utility of a unit of
Q139: Scarcity and choice are the basic problems
Q173: The budget line represents a consumer's preferences
Q198: As price increases, additional suppliers are willing
Q210: Which of the following is considered by
Q213: The law of diminishing marginal utility holds