An increase in the price of ice cream would cause a decrease in the demand for ice cream and an increase in the demand for frozen yogurt, a substitute

Which of the following is likely to result in a higher equilibrium price? a. An increase in both demand and supply

b. A decrease in both demand and supply. c. An increase in demand and a decrease in supply. d. A decrease in demand and an increase in supply.

Which of the following is an example of a public good?

a. Pizzas b. A crowded bus stop c. National Defense d. Cable television