Multiple Choice
When demand increases, the equilibrium price and the equilibrium quantity .
A) rises; increases
B) falls; decreases
C) falls; increases
D) rises; decreases
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q414: When the price of a good is<br>A)
Q415: Beef is a normal good and peopleʹs
Q416: The wage rate paid by Walkman producers
Q417: How does an unusually warm winter affect
Q418: The price of cereal rises. As a
Q420: The supply curve slopes upward when graphed
Q421: If the price is above the equilibrium
Q422: In the market for bananas, the price
Q423: A change in the price of a
Q424: Blank DVDs and prerecorded DVDs are substitutes