Multiple Choice
Which of the following is false?
A) If demand increases and supply decreases, equilibrium price will go up.
B) If demand remains constant and supply increases, equilibrium price will go down.
C) If demand decreases and supply increases, equilibrium price will rise.
D) If supply is unchanged and demand decreases, equilibrium price will fall.
Correct Answer:

Verified
Correct Answer:
Verified
Q17: When economists study the behavior of buyers,
Q18: A supply curve that is upward sloping
Q19: Use the following to answer question(s): Demand
Q20: There can be no shortages or surpluses
Q21: Use the following to answer question(s): The
Q23: Use the following to answer question(s): The
Q24: An example of a supply shifter is:<br>A)
Q25: In a competitive market, if there should
Q26: The law of demand implies that:<br>A) consumers
Q101: If steak and potatoes are complements,when the