If the price of croissants increased, the supply curve for bread would shift to the ________, the equilibrium quantity would __________, and the equilibrium price would ________. a. left; fall; rise b. right; rise; fall c. left; rise; fall d. right; fall; rise e. All the other answers are wrong.

If the price of croissants increased, the supply curve for bread would shift to the , the equilibrium quantity would , and the equilibrium price would __. a. left; fall; rise b. right; rise; fall c. left; rise; fall d. right; fall; rise e. All the other answers are wrong.

Microeconomics A Contemporary Intro

10th Edition

ISBN:9781285635101

Author:MCEACHERN

Publisher:MCEACHERN

Chapter4: Demand, Supply, And Markets

Section: Chapter Questions

Problem 9QFR

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If the price of croissants increased, the supply curve for bread would shift to the ________, the equilibrium quantity would __________, and the equilibrium price would ________.

a. left; fall; rise

b. right; rise; fall

c. left; rise; fall

d. right; fall; rise

e. All the other answers are wrong.

Defintion Defintion Curve that represents the graphical relationship between the total supply of goods and services and the price level in the economy. When the price level increases, producers tend to supply more of a product in the market to earn a higher revenue or vice versa.

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