For quantity exchanged to decrease, but the price to rise, there must have been a(n)
a. increase in demand.
b. decrease in demand.
c. increase in supply
d. decrease in supply.
d
You might also like to view...
If the demand for a good is highly elastic, that good is likely to have:
A. many close substitutes. B. many close complements. C. few close substitutes. D. few close complements.
How do high marginal tax rates influence the growth and prosperity of countries? What type of tax policy is needed to foster economic efficiency and growth?
What type of relationship exists between expected future income and consumption?
A. Positive B. Indirect C. Constant D. Negative
We use the term expansionary fiscal policy when the overall effect of decisions about taxation and spending is to:
A. increase aggregate demand. B. decrease aggregate supply. C. increase aggregate supply. D. decrease aggregate demand.