Multiple Choice
Suppose demand increases and supply decreases. Which of the following will happen?
A) Equilibrium price will rise, fall, or stay the same while equilibrium quantity will decrease.
B) Equilibrium price will rise, fall, or stay the same while equilibrium quantity will increase.
C) Equilibrium quantity will rise, fall, or stay the same and equilibrium price will increase.
D) Equilibrium quantity will rise, fall, or stay the same while equilibrium price will decrease.
E) The change in equilibrium price and quantity cannot be determined.
Correct Answer:
Verified
Correct Answer:
Verified
Q121: If salsa and nacho chips are complements,
Q122: Which of the following is true?<br>A) Managed
Q123: Figure 3-18 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7348/.jpg" alt="Figure 3-18
Q124: Which of the following about investments is
Q125: Compared to other investments such as bonds,
Q127: Figure 3-22 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7348/.jpg" alt="Figure 3-22
Q128: An indexed equity mutual fund<br>A) is directly
Q129: Two goods are considered substitutes if<br>A) a
Q130: Laqueta buys a new GPS device for
Q131: If the demand for a good is