Without any restrictions in a perfectly competitive market, if there is a sudden rightward shift in the demand for a good: a) sellers of the good will increase the supply of the good at the same price. b) sellers of the good will increase the quantity of the good supplied in the market. c) sellers of the good will decrease the supply of the good at the same price. d) sellers of the good will decrease the quantity supplied.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Without any restrictions in a perfectly competitive market, if there is a sudden rightward shift in the demand for a good: a) sellers of ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
You own a portfolio equally invested in a risk-free asset and two stocks. One of the stocks has a beta of 1.14 and the total portfolio is equally as risky as the market. What must the beta be for the other stock in your portfolio
Answers (1)
A company is in its first month of operations. Supplies worth $4,000 were purchased on January 5. At the end of the month supplies worth $3,000 were in hand.
Answers (1)
A salesperson is offering promissory notes for a company selling coffee at drive-through kiosks. The notes pay a 13% interest rate and mature within 9 months.
Answers (1)
Which form of organization design is capable of integrating geographic knowledge, product knowledge, functional competencies, and customer knowledge?
Answers (1)
A purchase of an asset for immediate consumption that will not be paid for until next month would cause liabilities to increase and stockholders' equity to decrease this month. O True O False
Answers (1)
New Questions in Business
After resisting a strong temptation to overeat during a lengthy but sumptuous all-you-can-eat buffet dinner, jason was unable to resist the temptation to drink too much alcohol during an important after-dinner business meeting.
Answers (1)
A market:A. reflects upsloping demand and downsloping supply curves. B. entails the exchange of goods, but not services. C. is an institution that brings together buyers and sellers. D. always requires face-to-face contact between buyer and seller.
Answers (1)
Mel's Diner is a popular café that specializes in home-cooked meals, friendly service, and a menu that contains vegan and vegetarian dishes (menu items that no other restaurant in the area offers).
Answers (1)
Human resources that perform the functions of organizing, managing, and assembling the other factors of production are O entrepreneurs. O physical capital. O venture capital. O productive capital.
Answers (1)
Automated transactions for B2B e-commerce where the suppliers are able to automatically send data about shipments to purchasing firm and the purchasing firm able to provide production and inventory requirements and payment data to suppliers
Answers (1)