Figure 9.6
-Refer to Figure 9.6. In the short run, a large decrease in oil prices will would move the equilibrium to:
A) point H.
B) point F.
C) point D.
D) point E.

Name: Figure 9.6 -Refer to Figure 9.6. In the short run, a large decrease in oil prices will would move the equilibrium to: A) point H. B) point F. C) point D. D) point E.
Brand: Quizplus
Rating: 4.7 (37 reviews)

Question

Figure 9.6
-Refer to Figure 9.6. In the short run, a large decrease in oil prices will would move the equilibrium to:
A) point H. 
B) point F. 
C) point D. 
D) point E.

Quizplus · Accepted Answer

In the short run, a large decrease in oil prices will shift the supply curve to the right, which will move the equilibrium to point A.

Figure 9.6 -Refer to Figure 9.6. in the Short Run, a Large