Multiple Choice
When supply increases,
A) price falls and demand decreases.
B) price rises with no change in demand.
C) price rises and quantity demanded decreases.
D) price falls and quantity demanded increases.
E) demand increases so that price remains the same.
Correct Answer:
Verified
Correct Answer:
Verified
Q152: Markets produce the products and services we
Q153: Which statement about markets is false?<br>A) sellers
Q154: Rising prices provide incentives for businesses to
Q155: Surpluses are eliminated by<br>A) allowing price to
Q156: Rising prices for a service<br>A) create incentives
Q158: We observe a fall in the price
Q159: Supporters of "free markets" believe that<br>A) the
Q160: At the equilibrium price, business inventories are<br>A)
Q161: At the quantity of an efficient market
Q162: Voluntary exchange is competitive at heart.