A decrease in demand will cause the equilibrium price and quantity of a good to fall, ceteris paribus.
Answer the following statement true (T) or false (F)
True
You might also like to view...
Refer to Figure 24-2. Ceteris paribus, an increase in the capital stock would be represented by a movement from
A) SRAS1 to SRAS2. B) SRAS2 to SRAS1. C) point A to point B. D) point B to point A.
Of the following examples, which would most likely be performed by an economist working for the U.S. Federal Trade Commission?
A) forecasting employment trends in New England B) assessing whether Amazon should build its new headquarters in New York or Texas C) analyzing data related to a potential merger of two companies D) using economic models to forecast future inflation rates.
Refer to the information provided in Figure 7.3 below to answer the question(s) that follow. 
Figure 7.3Refer to Figure 7.3. The marginal product of the second worker is ________ yards raked.
A. 2 B. 13.5 C. 17 D. 27
A move from D2 to D3 is a(n) _____.
A. an increase in quantity demanded
B. a decrease in quantity demanded
C. an increase in demand
D. a decrease in demand