During the bank panics of the Great Depression the currency ratio

If average cost rises as a firm increases its output level,

a. profits are not being maximized b. marginal cost is greater than average cost c. profits are maximized d. marginal revenue is positive e. total cost is minimized

Which of the following statements is correct?

A. If demand decreases and supply increases, equilibrium price will rise. B. If demand increases and supply decreases, equilibrium price will fall. C. If supply increases and demand decreases, equilibrium price will fall. D. If supply decreases and demand remains constant, equilibrium price will fall.