Multiple Choice
If it is discovered that using a smartphone regularly causes brain cancer, then in the market for smartphones,
A) equilibrium price will fall and equilibrium quantity will rise.
B) equilibrium price and equilibrium quantity will fall.
C) there will be no change in equilibrium price or quantity.
D) equilibrium price will rise as demand for computers decreases.
E) equilibrium price will rise as supply decreases.
Correct Answer:
Verified
Correct Answer:
Verified
Q65: If the government decides to pay producers
Q66: Which of the following leads to a
Q67: Exhibit 3-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6906/.jpg" alt="Exhibit 3-3
Q68: Which of the following would be a
Q69: When there is a decrease in supply,
Q71: The demand schedule is a table or
Q72: Exhibit 3-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6906/.jpg" alt="Exhibit 3-2
Q73: Exhibit 3-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6906/.jpg" alt="Exhibit 3-1
Q74: When a shortage exists in a market,
Q75: A supply schedule is a<br>A)table of prices