An increase in the equilibrium price for a product will result
A) when there is an increase in demand and an increase in the number of firms producing the product.
B) when there is a decrease in supply and a decrease in demand for the product.
C) when there is a decrease in supply and an increase in demand for the product.
D) when the quantity of the product demanded exceeds the quantity supplied.
C
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Suppose you have $400 to invest at a nominal interest rate of 7 percent, and the investment's term to maturity is 1 year. If the inflation rate is 2 percent, then the real return on your investment is approximately
A) $8. B) $20. C) $28. D) $36.
Refer to Table 2-16. Finland has a comparative advantage in the production of
A) neither product. B) both products. C) lumber. D) cell phones.
free-rider is a person or firm that ________ from a good or service ________.
A) does not benefit; by paying for it B) benefits; by paying for it C) does not benefit; by paying double the price for it D) benefits; without paying for it
A man may be preferred to a woman by an employer who will make a substantial investment in the training of the employee because
a. most employers are sexist and think that women belong in the home caring for children. b. as a group women tend to have a weaker attachment to the labor force than men. c. employers have observed that women are less productive than men on most jobs. d. employers are afraid women will disrupt the workplace by distracting the male employees.