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What happens in the market with an upward sloping supply curve when there is a shift in the demand curve due to an external​ shock?

Part 2
A.
Production decisions will be unaffected.
B.
Price will not change.
C.
A new equilibrium price will be achieved over some period of time.
D.
Price will immediately adjust to a new equilibrium.

1 answer

C.
A new equilibrium price will be achieved over some period of time.