Multiple Choice
If both the supply and demand for computer games increase, then the equilibrium price of the games:
A) is indeterminate and the equilibrium quantity rises.
B) is indeterminate and the equilibrium quantity falls.
C) falls and the equilibrium quantity also falls.
D) falls and the change in equilibrium quantity is indeterminate.
Correct Answer:

Verified
Correct Answer:
Verified
Q52: When a binding price ceiling is imposed
Q113: How does the equilibrium quantity traded change
Q114: If a price ceiling is not binding,
Q115: If the supply curve for housing has
Q116: A decrease in demand will cause a
Q117: Which of the following is not a
Q121: Say that the equilibrium price of natural
Q122: Which of the following is likely to
Q123: A non-binding price ceiling I.causes a surplus.<br>II)causes
Q147: When a binding price floor is imposed