When the supply shift towards left, the supply curve increases the price of equilibrium and there is decreases in the quantity of the equilibrium. When the demand curve shifts towards right then, the demand curve increasing the price of equilibrium as well as increased the quantity of the equilibrium. This concludes that, the equilibrium price always rises.
B. marginal cost curve, but only the portion above the minimum of average total cost.
Explanation:
A competitive firms short-run supply curve is a segment of the marginal cost and lies above the average variable costs and if a short run firm decides to shut down its prices of the goods is less than the average variable costs of production.
We can expect to see a large change in the quantity demanded for Good A.
<u>Explanation:
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As the price change in the price of good B is inelastic, it is but clear that the price of good B would not show any fluctuations even if there is an increase or decrease in the demand for good B.
As the price of good B is not subject to decrease in the near future, it can be expected that the demand for good A would exhibit a sudden rise.
<span>Cynthia will have to pay the $175 that was not covered by her indemnity policy. An indemnity policy typically pays a fixed amount for qualified medical services, with the policy-holder responsible for the balance.</span>
