When demand increases and the demand curve shifts to the right, equilibrium price ________ and equilibrium quantity ________
A) increases; increases
B) decreases; decreases
C) decreases; increases
D) increases; decreases
A
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What happens typically to a budget deficit during a recession?
A. It increases because of tax changes. B. It decreases because of spending decreases. C. It decreases automatically. D. It increases automatically.
If Country A opens up their corn market to trade with the rest of the world and the global price of corn is higher than the equilibrium price of corn in Country A, then Country A will ________ corn, which will ________ consumer surplus, ________
producer surplus, and ________ total surplus. A) import; increase; decrease; increase B) import; decrease; increase; increase C) export; increase; decrease; increase D) export; decrease; increase; increase E) export; decrease; increase; decrease
The Fed ________ intervene in the foreign exchange market by supplying dollars and the Fed ________ intervene in the foreign exchange market by demanding dollars
A) can; can B) cannot; can C) can; cannot D) cannot; cannot
The general form for discounting is
A) PV = FVt (1 + i)t. B) PV = FVt /(1 + i)t. C) PV = (1 + i)t/FVt. D) PV = 1/(1 + it)t.