An increase in demand, with no change in supply, will lead to ________ in equilibrium quantity and ________ in equilibrium price.
A) an increase; an increase
B) an increase; a decrease
C) a decrease; an increase
D) a decrease; a decrease
Ans: A) an increase; an increase
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Sweep accounts which were created to avoid reserve requirements became possible because of a change in
A) deposit ceilings. B) technology. C) government rules. D) bank mergers.
Once a company knows that a customer is no longer profitable, which of the folloiwng are appropriate options?
a. Collaborate to reduce costs of service b. Raise prices c. Fire the customer d. Keep the status quo e. All of the above f. Only A, B, and C
In an economy, the total expenditures for a market basket of goods in year 1 (the base year) was $5,000 billion. In year 2, the total expenditure for the same market basket of goods was $5,500 billion. What was the Consumer Price Index for the economy in year 2?
A. 120 B. 115 C. 110 D. 100
When the dollar value of a country's imports of final products is less than the dollar value of its exports, the country has a
A. balance of trade deficit. B. budget surplus. C. budget deficit. D. balance of trade surplus.