A decrease in demand leads to a (an):
a. increased equilibrium price and an increased equilibrium quantity.
b. decreased equilibrium price and a decreased equilibrium quantity.
c. decreased equilibrium price and an increased equilibrium quantity.
d. increased equilibrium price and a decreased equilibrium quantity.
b
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If the abatement level were 20 percent, what would be the levels of MACmktand MCE? What do these values convey about total abatement costs incurred by polluting sources and by government at this 20 percent abatement level?
What will be an ideal response?
Refer to Scenario 25-1. M2 in this simple economy equals
A) $3,000. B) $8,000. C) $14,000. D) $21,000.
When barriers to trade are imposed, we should expect some groups to be harmed at the expense of other groups
a. True b. False Indicate whether the statement is true or false
If August futures for a commodity are currently trading at $9.30/bu, and you expect the basis in July to be $0.25/bu under the August futures, then you expect the July cash price to be:
A. $9.05/bushel under August B. $9.55/bushel over August C. $9.05/bushel D. $9.55/bushel