Q Quantity Quantity Consider the figures above. The left panel shows the industry supply and demand lines. The right panel shows an individual firm's demand line. If there is an increase in the cost of the productive inputs used in this industry, the industry supply line will shift to the in the left panel, and the demand line will OA. right; remain unchanged in both panels OB. left; remain unchanged in the right panel only OC. right; shift downward in the right panel OD. left; remain unchanged in both panels OE. left; shift upward in the right panel

Q Quantity Quantity Consider the figures above. The left panel shows the industry supply and demand lines. The right panel shows an individual firm's demand line. If there is an increase in the cost of the productive inputs used in this industry, the industry supply line will shift to the in the left panel, and the demand line will OA. right; remain unchanged in both panels OB. left; remain unchanged in the right panel only OC. right; shift downward in the right panel OD. left; remain unchanged in both panels OE. left; shift upward in the right panel

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter4: Demand, Supply, And Market Equilibrium

Section: Chapter Questions

Problem 12P

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