It's certain that the equilibrium price will fall when:
A) the supply curve and the demand curve both shift to the right.
B) the supply curve shifts to the right and the demand curve shifts to the left.
C) supply and demand both increase.
D) supply decreases and demand stays the same.
Answer: B) the supply curve shifts to the right and the demand curve shifts to the left.
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In short-run equilibrium in a perfectly competitive market,
a. the price varies along the market supply curve b. each consumer can buy whatever quantity he wishes to buy at the market price c. the price varies along the market demand curve d. the market demand curve is horizontal e. the market demand curve is vertical
The Fed carries out monetary policy chiefly by influencing the demand for reserves schedule
a. True b. False Indicate whether the statement is true or false