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Concept shifts in demand 6 roberto suspected that

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CONCEPT Shifts in Demand 6
Roberto suspected that traditional four-year higher education in the U.S. was being influenced by the recession. Most states cut the amount they contribute to public universities, making it much more expensive for them to operate in the traditional format. This caused many universities to invest in nontraditional, technology-based educational models. Which graph below best depicts the change Roberto is seeing in the traditional four-year higher education market in the U.S.? 7
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If the short run aggregate supply curve intersects with the aggregate demand curve at a point that is greater than the LRAS curve, which statement below is true?
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If a certain brand of furry boots are suddenly all the rage and the market price increases to $500 a pair, but very few people buy them because they are too expensive, which of the following will happen next? CONCEPT
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Prevailing Price 9 Which of the following is true about binding price floors?
They do not change consumer and producer surplus at all.
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