Multiple Choice
When demand increases and supply decreases by the same amount,the equilibrium quantity ________ and the equilibrium price ________.
A) decreases; rises
B) decreases; falls
C) decreases; does not change
D) decreases; might rise, fall, or not change
E) does not change; might rise, fall, or not change
Correct Answer:

Verified
Correct Answer:
Verified
Q46: Suppose the current price of a pound
Q47: The impact of an increase in the
Q48: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The above figure
Q49: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The graph illustrates
Q50: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -The table above
Q52: Suppose a medical study reveals new benefits
Q53: One reason supply curves have an upward
Q54: Kiwis and strawberries are substitutes for consumers.An
Q56: Over the next few years more and
Q246: What is the effect on the price