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A corporation will most likely increase the price of its output if the supply curve shifts to the right. quantity supplied of the good exceeds the quantity demanded. demand curve shifts to the left

A corporation will most likely increase the price of its output if the; supply curve shifts to the right. quantity supplied of the good exceeds the quantity demanded. demand curve shifts to the left. quantity demanded of the good exceeds the quantity supplied. Suppose that you discover that, ceteris paribus, when the price of tomatoes increases, the demand for bleu cheese decreases. From this you conclude that: tomatoes are inferior goods and blue cheese is a normal good. tomatoes and blue cheese are complements. the demand curve for tomatoes has shifted to the left. tomatoes and blue cheese are substitutes.

Apr 01 2020 View more View Less

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