Multiple Choice
If the supply curve does not shift,an increase in demand results in a(n)
A) increase in equilibrium price and a decrease in equilibrium quantity
B) decrease in equilibrium price and a decrease in equilibrium quantity
C) increase in equilibrium price and an increase in equilibrium quantity
D) decrease in equilibrium price and an increase in equilibrium quantity
E) increase in supply
Correct Answer:

Verified
Correct Answer:
Verified
Q128: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3972/.jpg" alt=" -Consider the market
Q129: In a perfectly competitive market,<br>A) there can
Q130: If some piece of information causes buyers
Q131: If the resource prices faced by a
Q132: If the market for a good is
Q134: A speculator is someone who<br>A) buys a
Q135: Which of the following would lead to
Q136: Supply curves usually slope upward because producers
Q137: Orange juice and cranberry juice are substitute
Q138: A good is said to be a