Solved

When Supply Decreases and Demand Does Not Change, the Equilibrium

Question 107

Multiple Choice

When supply decreases and demand does not change, the equilibrium quantity _______ and the equilibrium price _______.

A) increases; falls
B) decreases; falls
C) increases; rises
D) decreases; rises

Related Questions

Q41: Leather belts and leather shoes are substitutes

Q104: If the price of a CD is

Q105: Good A and good B are substitutes

Q106: Which of the following shifts the supply

Q108: Every spring, motorists do more driving than

Q109: Which of the following is consistent with

Q110: If the price of a chocolate bar

Q111: As the relative price of a good

Q112: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -The figure above

Q349: The quantity supplied of a good or