Which of the following will cause a decrease in market equilibrium price and an increase in equilibrium quantity?
A. An increase in supply.
B. An increase in demand.
C. A decrease in supply.
D. A decrease in demand.
Answer: A
Economics
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A legal ceiling set below the market-clearing interest rate would tend to
A) create a surplus of loans. B) create a shortage of loans. C) increase the demand for loans. D) decrease the supply of loans. E) do none of the above.
Economics
Justification of a government program based on the jobs that it will create rather than the merits of the program itself is known as the: a. law of unintended consequences. b. invisible hand
c. crowding out effect. d. broken window fallacy.
Economics