Multiple Choice
Which of the following could decrease the equilibrium price but increase the equilibrium quantity of apples?
A) Higher wages are paid to the agricultural workers who harvest the apples.
B) A rise in the cost of treating pests destroying apples.
C) Many new apple orchards are planted.
D) An increase in the market supply of grapefruit.
Correct Answer:
Verified
Correct Answer:
Verified
Q37: A rise in supply is illustrated by
Q38: Suppose the demand curve for a good
Q39: The division of the burden of a
Q40: If both demand and supply rise,which of
Q41: When suppliers are not satisfied,they lower their
Q43: If the price of a good changes,the
Q44: When the quantity demanded by consumers goes
Q45: If demand rises and supply falls,which of
Q46: When a sales tax of 50¢ per
Q47: Which of the following would cause a