Solved

Which of the Following Best Describes the Market Reaction If

Question 80

Multiple Choice

Which of the following best describes the market reaction if a city restricts the number of firms that are allowed to operate in a market?


A) The market supply curve shifts to the left.
B) The market demand curve shifts to the left.
C) Quantity supplied increases because price increases.
D) Price decreases.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q17: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6808/.jpg" alt=" -The above figure

Q30: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6808/.jpg" alt=" -Suppose the market

Q52: Deadweight loss occurs when<br>A) producer surplus is

Q79: The total welfare associated with a market

Q81: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6808/.jpg" alt=" -The above figure

Q84: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3096/.jpg" alt=" -The above figure

Q85: A firm that generates zero economic profit

Q90: Tariffs and quotas create a loss in

Q99: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6808/.jpg" alt=" -The above figure

Q125: A ban on imports,a tariff,or a quota