Which of the following could lead to an increase in the equilibrium quantity of a good?
a. a decrease in supply and a decrease in demand
b. an increase in the price of an input
c. an increase in demand and an increase in supply
d. a decrease in demand regardless of supply
e. a decrease in technology
C
You might also like to view...
Using a graph, analyze the Great Depression from a Keynesian perspective. What happened to unemployment?
What will be an ideal response?
Unemployment caused by changes in technology is called ________ unemployment
A) structural B) frictional C) techno D) cyclical
Which of the following defines monopoly?
A) Sherman Act B) Clayton Act C) Federal Trade Commission Act D) none of the above
Which of the following combinations would unambiguously decrease the supply of money? a. The Fed pays a lower interest rate on bank reserves and increases the required reserve ratio
b. The Fed conducts an open market purchase of government securities and raises the discount rate. c. The Fed pays a higher interest rate on bank reserves and conducts an open market purchase of government securities. d. None of the above would unambiguously decrease the supply of money.