When the price of almonds falls
A) the quantity of almonds demanded increases, ceteris paribus.
B) the demand for almonds decreases, ceteris paribus.
C) the demand for almonds increases, ceteris paribus.
D) the quantity of almonds demanded decreases, ceteris paribus.
A
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Movements of ________ interest rates indicate that, contrary to the early Keynesians' beliefs, monetary policy was ________ during the Great Depression
A) nominal; tight B) nominal; easy C) real; tight D) real; easy
The double taxation of dividends typically refers to
A) dividends being taxed first as corporate profits and then as income after being paid to stock holders. B) stock holders paying both income and social security taxes on dividends. C) stock holders paying an income tax and dividend surtax on dividends. D) dividends being taxed at both the state and local level.
If supply increases and demand decreases
A) the market clearing price definitely rises, and the equilibrium quantity definitely falls. B) the market clearing price definitely rises, and the effect on the equilibrium quantity is indeterminate. C) the market clearing price definitely falls, and the effect on the equilibrium quantity is indeterminate. D) the effect on the market clearing price is indeterminate, and the equilibrium quantity definitely falls.
A market shortage can be defined as a situation in which the quantity supplied in a market is greater than the quantity demanded, at the given price.
a. true b. false