If the demand for a product remains the same and the supply falls,
A. both the market clearing price and the equilibrium quantity will rise.
B. the market clearing price will rise and the equilibrium quantity will fall.
C. both the market clearing price and the equilibrium quantity will fall.
D. the market clearing price will fall and the equilibrium quantity will rise.
Answer: B
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Which of the following characteristics is NOT likely to increase the interest on a loan?
A) a high-risk proposal B) a non-creditworthy borrower C) a short-term loan D) a larger dollar loan
As a result of international trade,
a. the gain to producers in the importing country exceeds the loss to consumers in the importing country b. the loss to producers in the importing country is less than the gain to consumers in the importing country caused by a decrease in price c. the loss to producers in the importing country exceeds the gain to consumers in the importing country caused by an increase in price d. the loss to producers in the importing country is equal to the gain to consumers in the importing country because price increases and equilibrium quantity decreases e. the loss to producers in the importing country is equal to the gain to consumers in the importing country because price decreases and equilibrium quantity increases
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