If the Supply Curve Shifts to the Right, the Result

question 58

Multiple Choice

If the supply curve shifts to the right, the result is a _____ equilibrium price and a _____ equilibrium quantity.

• A) lower; lower
• B) lower; higher
• C) higher; lower
• D) higher; higher

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Definitions:

Breach of Duty

The failure to meet a standard of care or conduct that is expected in a given circumstance, leading to legal liability.

Subpoena Duces Tecum

A legal document ordering an individual to appear in court with specified documents or evidence.

Malfeasance

The performance of an act by a public official that is legally unjustified, harmful, or contrary to law; wrongdoing (used especially of an act in violation of a public trust).

Res Ipsa Loquitur

A legal doctrine that allows an inference of negligence to be drawn from the mere occurrence of certain types of accidents, without specific evidence of an act of negligence.