If the supply of a good decreases and demand remains constant equilibrium price:
a. Will decrease, and equilibrium quantity will increase
b. Will increase, and equilibrium quantity will decrease
c. And quantity will decrease
d. And quantity will increase
Answer: b. Will increase, and equilibrium quantity will decrease
Economics
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A) A change in consumer incomes B) A change in the market price of the good C) A change in the number of consumers D) A change in tastes and preferences
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Monetarists are in favor of
a. inflation targeting. b. interest rate targeting. c. output targeting. d. nominal income targeting. e. money growth targeting.
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