If market demand decreases and market supply increases, then equilibrium quantity will (be) ____ and equilibrium price will (be) ____
a. indeterminate; decrease
b. indeterminate; increase
c. decrease; indeterminate
d. increase; indeterminate
a
You might also like to view...
You are an analyst with a pee firm that makes DRAM memory chips. You must manufacture the chips before you know what the demand will be. Based on the below figure, if the demand is high with an 40% probability and low with a rfectly competitiv60% probability, the expected marginal revenue for a chip is
A) $1.00.
B) $2.00.
C) $1.80.
D) None of the above answers is correct.
Zero economic profit means that the firm's owners receive no compensation for their investment
a. True b. False Indicate whether the statement is true or false
Which of the following is true?
a. When economies of scale are important in an industry, the domestic market of a small country may not be large enough to support cost-efficient firms. b. In small countries, firms in industries where economies of scale are important will tend to export little, if any, of their output. c. The size of the trade sector (exports plus imports) as a share of GDP will generally be larger in more populous countries than in smaller less-populated countries. d. Countries with higher trade barriers have higher growth rates.
If companies that were creating pollution had to pay the social cost of production, they would want to supply:
A. the same amount at any given price. B. the same amount at the equilibrium price. C. less at any given price. D. more at any given price.