An increase in supply results in a(n)
a. increase in demand
b. decrease in equilibrium quantity and an increase in equilibrium price
c. decrease in equilibrium quantity and a decrease in equilibrium price
d. decrease in equilibrium price and an increase in equilibrium quantity
e. unfavorable shift in tastes and preferences
D
You might also like to view...
The amount of revenue the government collects after imposing the tariff is ________.
A. $40,000 B. $4,000 C. $1,000 D. $10,000
Input proportions are usually fixed by technological conditions alone.
Answer the following statement true (T) or false (F)
In the United States, loans from ________ are far ________ important for corporate finance than are securities markets
A) government agencies; more B) government agencies; less C) financial intermediaries; more D) financial intermediaries; less
The Taft-Hartley Act outlawed all of the following practices EXCEPT
A) secondary boycotts. B) union shops. C) closed shops. D) sympathy strikes.