Following adjustments to a new equilibrium in a market, the market clearing price remains unchanged, but the equilibrium quantity is now lower. Which of the following could definitely have caused this outcome?
A) Demand and supply both increased.
B) Demand and supply both decreased.
C) Demand increased, and supply decreased.
D) Demand decreased, and supply increased.
B
Economics
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According to the table above, the value of M1 is ________ and the value of M2 is ________
A) $813 billion; $2490 billion B) $805 billion; $2490 billion C) $813 billion; $3303 billion D) $1,488 billion; $3978 billion
Economics
What is the conclusion that behavioral economists have made about the amount of product variety in the market place?
What will be an ideal response?
Economics