Assume that the demand curve for MP3 players shifts to the right and the supply curve for MP3 players shift to the left, but the supply curve shifts less than the demand curve. As a result
A) both the equilibrium price and quantity of MP3 players will decrease.
B) the equilibrium price of MP3 players will increase; the equilibrium quantity will decrease.
C) both the equilibrium price and quantity of MP3 players will increase.
D) the equilibrium price of MP3 players may increase or decrease; the equilibrium quantity will decrease.
C
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What best explains the pattern of bank collapses in the US?
a. The vast majority of banks closed early in the decade and the closing dropped significantly in the latter half of the decade. b. Banks collapsed consistently throughout the 1930s. c. The failure rate was relatively low early in the decade and grew steadily throughout the period.
In the U.S. taxes:
a. are higher as a share of GDP than in France b. rely more on sales taxes than on income taxes c. have higher shares of social security contribution than in Europe d. none of the above
What policy shifts the aggregate demand curve the farthest leftward?
What will be an ideal response?
In 2011, the largest portions of Federal employees were in which of the following sectors?
A. Education and health care B. Police and natural resources C. Postal service and national defense D. Judicial, police, and administration