Multiple Choice
If demand decreases while supply increases for a particular good:
A) its equilibrium price will increase while the quantity of the good produced and sold could increase, decrease, or remain constant.
B) its equilibrium price will decrease while the quantity of the good produced and sold could increase, decrease, or remain constant.
C) the quantity of the good produced and sold will decrease while its equilibrium price could increase, decrease, or remain constant.
D) the quantity of the good produced and sold will increase while its equilibrium price could increase, decrease or remain constant.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: The quantity of product X supplied can
Q2: The supply curve expresses the relation between
Q4: Input demand is:<br>A)derived demand.<br>B)direct demand.<br>C)motivated by utility.<br>D)unrelated
Q5: An increase in employer-paid pension costs will
Q6: In the housing market, a rise in
Q7: Derived demand will fall with a rise
Q8: The demand curve for automobiles produced in
Q9: Surplus is a condition of:<br>A)excess supply.<br>B)rising demand.<br>C)market
Q10: Holding all else equal, an increase in