Setting a price support in the market for sugar beets above equilibrium price ________ the quantity produced and ________ the quantity bought by consumers
A) decreases; decreases
B) increases; decreases
C) decreases; increases
D) increases; increases
E) does not change; increases
B
Economics
You might also like to view...
Which of the following will likely cause a reduction in output per worker?
A) a reduction in education expenditures B) a reduction in the saving rate C) a reduction in on-the-job training D) all of the above
Economics
If the demand for apples decreases at the same time the supply of apples increases, the price of apples will tend to fall
a. True b. False Indicate whether the statement is true or false
Economics