If supply increases and demand is unchanged, the equilibrium price ____ and the equilibrium quantity ____. Question 20 options:
A. rises; decreases
B. does not change; does not change
C, falls; decreases
D. rises; increases
E. falls; increases
E. falls; increases
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Based on the table "Real and Nominal GDP," if year one is the base year, then the inflation rate in year three is ________
A) 14.6% B) 9.5% C) 9.9% D) 11.5% E) 16.5%
If a demand curve is unit elastic, then P times Q will remain constant when P changes
a. True b. False Indicate whether the statement is true or false
If the elasticity of demand for a service is 1, then the demand for that service is
A. perfectly elastic. B. elastic. C. unit elastic. D. inelastic.
In general, monetary policy has a ________ response lag than fiscal policy and a ________ implementation lag.
A. longer; shorter B. shorter; shorter C. longer; longer D. shorter; longer