This statement is WRONG.
The supply curve is an upward-sloping function that determines the relationship between price and quantity supplied. Therefore, if the quantity supplied changes, this would trigger <u>a movement along the curve (and not a shift!). </u>
- An increase in the quantity supplied corresponds to an increase in the selling price of the product. Producers are willing to supply larger quantities when the price is higher. This proves why the slope of the curve is positive.
- On the contrary, a decrease in the quantity supplied corresponds to a decrease in the price.
Answer:
The approval of 2/3 of the senate
1. Humanitarian Aid
2. Military Aid
3. State Department
The TET offensive
The offensive started in Vietnam new lunar year, known as lunar holiday. The north Vietnamese communist regime and the Vietcong, the rebel group that was fighting against the south Vietnam regime launched a series of attacks. the USA joined the war with an aim of containing the spread of communism as the North wanted to reunite with the south.
