Which of the following is true about the market equilibrium?
a. As the price increases, the quantity demanded and the quantity supplied increases
b. As the price increases, the quantity demanded and the quantity supplied decreases.
c. As the price increases, the quantity demanded increases and the quantity supplied decreases.
d. As the price increases, the quantity demanded decreases and the quantity supplied increases.
e. As the price increases, neither the quantity demanded nor quantity supplied change.
d
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The interest rate charged for loans through the discount window is called the:
A. discount rate. B. reserve rate. C. interest rate. D. prime rate.
A new file cabinet will generate $300 in net revenue each year for a Data Storage Co The file cabinet has a useful life of two years. At the end of the second year, the cabinet will be sold as scrap metal for $200 . If the interest rate is 10 percent (0.10) per year, what is the present value of the file cabinet to Data Storage Co? (Assume that each year's revenue is received at the end of the
year.) a. $500 b. $600 c. $800 d. $1,000 e. none of the above
"Equilibrium" is a situation in which there are no inherent forces to produce change
a. True b. False Indicate whether the statement is true or false
Which of the following is a critical key to reducing poverty in the poorest nations?
A. The relationship between output growth and population growth. B. Redistribution of existing income within the nation. C. Government ownership of resources. D. Reduced human capital.