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

Economics

You might also like to view...

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.

Economics

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

Economics

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

Economics

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.

Economics