Solved

Which of the Following Events Must Result in a Higher

Question 125

Multiple Choice

Which of the following events must result in a higher price in the market for cigars?


A) Demand for cigars increases,and supply of cigars decreases.
B) Demand for cigars and supply of cigars both decrease.
C) Demand for cigars decreases,and supply of cigars increases.
D) Demand for cigars and supply of cigars both increase

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q120: Which of the following events would unambiguously

Q121: When a shortage exists in a market,sellers<br>A)raise

Q122: Figure 4-20 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 4-20

Q123: Figure 4-26 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 4-26

Q124: When the price of a good is

Q126: Figure 4-26 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 4-26

Q127: If consumers often purchase muffins to eat

Q128: Figure 4-27<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 4-27

Q129: The law of supply and demand asserts

Q130: Figure 4-27<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 4-27