Holding demand constant, an increase in supply leads to
A) lower prices and higher quantity demanded.
B) lower prices and lower quantity demanded.
C) higher prices and higher quantity demanded.
D) higher prices and lower quantity demanded.
Answer: A
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A country opens up to trade and imports clothing. In the clothing market, surplus has been redistributed from
A) producers to consumers. B) consumers to producers. C) government to consumers. D) producers to government.
What was the original intent of the Federal Reserve Act of 1913?
What will be an ideal response?
Productivity in manufacturing sectors has risen faster than in service sectors
a. True b. False Indicate whether the statement is true or false
The benefits from free trade are not evenly distributed throughout an economy t/f
a. true b. false