Question: What is the “current macroeconomic situation” in the U.S. (e.g. is the U.S. economy currently concerned about unemployment, inflation,
September 3, 2020
(Shifts in the PPF) Terrorist attacks foster instability and may affect productivity over the short and long term.
September 3, 2020

A bookstore owner increases the price of art books to $25. Which of these would occur?

A higher equilibrium point, because demand and price increased A lower equilibrium point, because the supply will increase A shortage, because the price is lower than equilibrium price A surplus, because the price is higher than equilibrium price

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