Suppose the equilibrium quantity of ethanol has decreased. Which of the following could have caused this change?

A) a decrease in demand
B) an increase in supply
C) an increase in quantity demanded
D) an increase in quantity supplied


Answer: A

Economics

You might also like to view...

There are no indisputable principles of tax equity

a. True b. False

Economics

Assume 300 billion pounds of Ostrich meat is produced per year when the price is 50 cents per pound, and 500 billion pounds when the price is 60 cents per pound. The supply of Ostrich meat, other factors held constant, is:

a. price elastic. b. price inelastic. c. income elastic. d. income inelastic.

Economics

The limits of the terms of trade between two countries are determined by those countries' opportunity costs of production

a. True b. False

Economics

Under ________ taxation, tax payers at all income levels pay the same percentage of their income in taxes. Therefore it is also called a flat tax

a. progressive taxation b. proportional taxation c. regressive taxation d. marginal taxation

Economics