Suppose that for a given good demand increases and supply decreases at the same time. If demand increases by a lesser amount than supply decreases, then equilibrium price __________ and equilibrium quantity __________ for that good
A) rises; falls
B) falls; falls
C) rises; rises
D) falls; rises
A
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Which type of thrift institution was relatively unaffected by the traumas of deregulation in the 1980s?
A) credit unions B) savings-and-loans C) mutual savings banks D) IBFs
Assume the United States can use a given amount of its resources to produce either 20 airplanes or 8 automobiles and Japan can employ the same amount of its resources to produce either 20 airplanes or 10 automobiles. The U.S. should specialize in:
a. airplanes. b. automobiles. c. both goods. d. neither good.
Which of the following increases Money Demand?
a. Lower nominal interest rates. b. Higher nominal interest rates. c. Higher real GDP d. Lower real GDP
The quantity supplied of a good
a. is the amount that sellers would provide if the firms faced no constraints b. is the amount that sellers would provide if input prices were zero c. must match the amount actually purchased in the market d. is a fixed amount unaffected by the sellers' circumstances e. is subject to the constraints imposed by technology and input prices