If supply decreases and demand increases
A) the market clearing price definitely rises, and the equilibrium quantity falls.
B) the market clearing price definitely rises, and the equilibrium quantity is indeterminate.
C) the market clearing price definitely falls, and the effect on the equilibrium quantity is indeterminate.
D) the effect on the market clearing price is indeterminate, and the equilibrium quantity definitely falls.
Answer: B
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In the specificfactors model, how will immigration affect the sending country's production possibilities frontier?
a. It will shift it to the right. b. It will shift it to the left. c. It will not affect its production possibilities curve. d. Immigration will first shift it to the left, then shift it back to its original position.
A decrease in growth rates will cause:
Under the gold standard, gold discoveries in Alaska and South America led to
a. both c and d b. a decrease in the domestic money supply c. inflation d. an increase in the domestic money supply e. deflation
The original Dow Jones Industrial Average (DJIA) contained ____________ stocks, while the DJIA now consists of ____________ stocks
A) 10; 500 B) 11; 30 C) 15; 50 D) 20; 60