If the demand for a product rises and the supply stays the same
A. both the market clearing price and the equilibrium quantity will rise.
B. the market clearing price will fall and the equilibrium quantity will rise.
C. both the market clearing price and the equilibrium quantity will fall.
D. the market clearing price will rise and the equilibrium quantity will fall.
Answer: A
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A) job leaver B) entrant/reentrant C) cyclically unemployed D) structurally unemployed
Adam Smith describes a visit to a car factory when discussing economies of scale in his book An Inquiry into the Nature and Causes of the Wealth of Nations
a. True b. False Indicate whether the statement is true or false
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