Exhibit 3-21 Demand and supply curves ​ ​ If the market demand and supply curves shift as given in Exhibit 3-21, the resulting new equilibrium will show a(n):

Which of the following is not a solution to the problem of negative externalities due to pollution?

The more inelastic the demand for a product, the more the actual burden of a tax on the product will:

Which of the following describes a situation in which demand must be inelastic?

Suppose the law of diminishing marginal utility holds for coffee. As a person drinks more coffee during the day, the total utility they receive will:

Which of the following pairs is most likely to represent complementary goods?

Which of the following is the least likely to result from an advance in technology?

The sign of the price elasticity coefficient for a normal good will:

The development of new technology typically:

If there is a decrease in demand for lettuce, we would expect: