FIGURE 4-3 -Refer to Figure 4-3. the Diagram Shows a Rightward Shift

Multiple Choice

FIGURE 4-3
-Refer to Figure 4-3. The diagram shows a rightward shift in the demand curve for some good, and the
Short-run and long-run supply curves SS and SL, respectively) . In the new short-run equilibrium after the increase in demand, producersʹ revenue

A) is unambiguously lower than in the long-run equilibrium at EL.
B) could be higher or lower than at E0, depending on the short-run elasticity of supply.
C) is unambiguously higher than at E0.
D) is unambiguously lower than at E0.
E) is unambiguously higher than at EL.