An increase in the number of buyers in the market causes
a. a decrease in equilibrium quantity
b. a decrease in equilibrium price
c. an increase in demand
d. a decrease in production
e. an increase in supply
C
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The capture theory of regulation assumes that regulation benefits
A) producers. B) consumers. C) government. D) the general public. E) the regulators.
According to Gresham's Law,
a. inflation and unemployment are inversely related. b. tax rates and tax revenues are inversely related. c. bad money drives out good money. d. inflation is inevitable in the long run.
If a perfectly competitive firm cannot cover all of its costs, then it should shut down in the short run
a. True b. False Indicate whether the statement is true or false
If the marginal propensity to save is 0.3 and the marginal propensity to import is 0.2, then value of the simple spending multiplier is
A. 0.5. B. 0.1. C. 1.5. D. 2.0.