When increases in the demand for food—shown as rightward shifts in the demand curve— are relatively small when compared to the increases in food supply—shown as rightward shifts in the supply curve—equilibrium price
a. rises and equilibrium quantity falls
b. falls and equilibrium quantity falls
c. rises and equilibrium quantity rises
d. falls and equilibrium quantity rises
e. and equilibrium quantity stay the same
D
You might also like to view...
A change in the quantity demanded of a good is:
A) the outcome of a change in income. B) represented by a shift to a new demand curve. C) the outcome of a change in tastes and preferences. D) represented by a movement along the demand curve.
The money creation formula is oversimplified because it assumes that
a. every recipient of a bank loan will redeposit the proceeds in another bank. b. loan recipients will not take any of the proceeds in cash. c. every bank lends out all excess reserves. d. All of the above are correct.
Which of the following is true?
a. If the Fed wants to increase the money supply, it should increase the interest rate it pays banks on their excess reserves. b. When the Fed reduces the interest rate paid on excess reserves, it increases the incentive of commercial banks to hold excess reserves. c. If the Fed wants to reduce the future growth rate of the money supply, it could do so by increasing the interest rate it pays banks on excess reserves. d. When the Fed increases the interest rate it pays on excess reserves, this encourages banks to extend more loans and thereby increase the money supply.
Employee performance evaluation is needed because:
A. it justifies the incredibly high fringe benefits of the CEOs. B. it determines rewards and sanctions-wages, raises, bonuses, and dismissals. C. it minimizes the risks faced by employees for putting in their effort. D. it justifies the incredibly high wages of the CEOs.