Multiple Choice
As a falling price eliminates a surplus in the jersey market,
A) the demand curve for jerseys shifts leftward, and the supply curve of jerseys shifts rightward.
B) consumers increase the quantity of jerseys they demand.
C) producers increase the quantity of jerseys they supply.
D) producers decrease the quantity of jerseys they supply, and buyers decrease the quantity of jerseys they demand.
E) the demand curve for jerseys shifts rightward, and the supply curve of jerseys shifts leftward.
Correct Answer:

Verified
Correct Answer:
Verified
Q22: Changes in which of the following factors
Q23: Which of the following shifts the demand
Q24: If the demand and supply both increase
Q26: Consider the market for feather pillows.If there
Q28: If a higher price for wheat decreases
Q29: When moving along a demand curve,which of
Q30: Researchers have found a hybrid of corn
Q31: In Great Britain,raising taxes on gasoline has
Q32: If both the supply and demand curves
Q247: Soft drinks are a normal good. Draw