When demand decreases and supply increases, there will be a decrease in the equilibrium price
a. True
b. False
Indicate whether the statement is true or false
True
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Foreign exchange rates refer to the
A. price of one nation's currency in terms of another nation's currency. B. difference between exports and imports of a particular nation with another. C. price at which purchases and sales of foreign goods take place. D. rate of exchange of goods and services between two trading nations.
A decrease in wealth would shift the:
A) aggregate demand curve rightward. B) aggregate demand curve leftward. C) aggregate supply curve rightward. D) aggregate supply curve leftward.
If the price index is 100 this year, then:
a. there has been no inflation during the year b. the price level is thrice as it was in the base year. c. the price level is one hundred times what it was in the base year. d. the price level is double what it was in the base year. e. the inflation rate has been 100 percent since the base year.
According to the Coase approach, to achieve socially optimal outcome, two sides must bargain. The bargaining might not be successful because
A) transaction costs are ignorable. B) firms engage in strategic bargaining. C) both sides have perfect information. D) None of the above.