Question
Read the following explanation of what happens when the supply curve shifts to the right. What is wrong about this explanation? The rightward shift of
Read the following explanation of what happens when the supply curve shifts to the right. What is wrong about this explanation?
"The rightward shift of the supply curve unbalances market equilibrium and creates a temporary shortage. The shortage is eliminated by falling prices."
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Principles of Economics
Authors: Gregory Mankiw
7th edition
128516587X, 978-1285165875
