Suppose a market were currently at equilibrium. A rightward shift of the supply curve would cause a(n)
A) increase in price but a decrease in quantity.
B) decrease in price but an increase in quantity.
C) increase in both price and quantity.
D) decrease in both price and quantity.
B
You might also like to view...
According to the World Bank’s system, countries in the fast growth club have a GDP growth of
a. 5% or more per year. b. 2% or less per year. c. 2% or more per year. d. 5% or less per year.
What would you pay for a newly issued 10-year bond with face value of $10,000 and no coupon payments? Assume the interest rate is 5 percent (0.05) per year
a. $0 b. $6,139.13 c. $10,000 d. $95,632.41 e. $100,000.00
The Bureau of Labor Statistics (BLS) calculates the unemployment rate by dividing the number of unemployed workers by the total number of workers
Indicate whether the statement is true or false
Refer to the information provided in Table 3.1 below to answer the question(s) that follow. Table 3.1Price per PizzaQuantity Demanded (Pizzas per Month)Quantity Supplied (Pizzas per Month)$31,200 600 61,000 700 9 800 80012 600 90015 4001,000Refer to Table 3.1. If the price per pizza is $6, there is an excess
A. demand of 300 pizzas. B. supply of 1,000 pizzas. C. supply of 700 pizzas. D. demand of 600 pizzas.