An increase in the equilibrium quantity of a product will result
A) when the quantity of the product supplied exceeds the quantity demanded.
B) when there is an increase in supply and an increase in demand for the product.
C) when there is an increase in supply and a decrease in demand for the product.
D) when there is an decrease in demand and a decrease in the cost of inputs used to make the product.
Answer: B
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Between 1999 and 2015, globally the number of children who were not attending school:
A. dropped to less than 16 percent. B. reduced by half. C. doubled. D. dropped to less than 6 percent.
Suppose that the Fed decides to increase the growth rate of the money supply in the United States. What is most likely to happen to the U.S. trade deficit and to GDP?
a. The trade deficit will fall; GDP will fall. b. The trade deficit will rise; GDP will rise. c. The trade deficit will fall; GDP will rise. d. The trade deficit will rise; GDP will fall.
In the self-correcting AD-AS model, the economy's short-run equilibrium position is indicated by the intersection of which two curves?
A. short-run aggregate supply and long-run aggregate supply B. short-run aggregate supply and aggregate demand C. long-run aggregate supply and aggregate demand D. long-run aggregate demand and short-run personal consumption expenditures curve