With respect to the market clearing price and the equilibrium quantity of good X, increases in the demand for and the supply of good X will definitely
A) increase the market clearing price of good X but have an uncertain impact on the equilibrium quantity of X.
B) reduce the market clearing price and the equilibrium quantity of good X.
C) increase the market clearing price and the equilibrium quantity of good X.
D) increase the equilibrium quantity of good X but have an uncertain impact on the market clearing price of X.
D
You might also like to view...
Refer to the information above. What is the value of net investment in period 5?
A) 17.5 B) 89.25 C) 106.75 D) 612.5
According to the Keynesian view, as interest rates fall
a. people will hold more money b. people will hold less money c. people will increase interest-yielding asset holdings d. the quantity demanded of investment goods will fall e. the economy's aggregate demand will contract
Deflation means a decrease in:
a. homes, autos, and basic resources. b. the prices of all products in the economy. c. the general level of prices in the economy. d. the rate of inflation.
The following two individual demand curves represent the entire market for a commodity. What is the market demand curve for the commodity? Show the market demand in equation and graphical form. (a) P = 60 - 10Q (b) P = 60 - 15Q
What will be an ideal response?