An increase in supply, with no change in demand, will lead to ______ _ in equilibrium quantity and ________ in equilibrium price.

Does the existence of the University of Oklahoma affect citizens who do not attend the University?

What will be an ideal response?

Which of the following are arguments that have been and currently are used to justify protectionism?

(a) The infant industry argument (b) Tariffs create lower profits, generate fewer jobs, and reduce wages in the U.S. (c) Countries should not operate on the basis of comparative advantage. (d) All of the above