A decrease in demand and an increase in supply will:
A. Affect price in an indeterminate way and decrease the equilibrium quantity
B. Increase price and affect the equilibrium quantity in an indeterminate way
C. Decrease price and affect the equilibrium quantity in an indeterminate way
D. Increase price and increase the equilibrium quantity
C. Decrease price and affect the equilibrium quantity in an indeterminate way
You might also like to view...
When the economy is already operating at nearly full capacity, further fiscal or monetary stimulus will likely:
a. soften inflationary pressures in sectors already at capacity, and increasing employment in sectors with excess capacity. b. trigger inflationary pressures in sectors already at capacity, and decreasing employment in sectors with excess capacity. c. soften inflationary pressures in sectors already at capacity, and decreasing employment in sectors with excess capacity. d. trigger inflationary pressures in sectors already at capacity, and increasing employment in sectors with excess capacity.
India and China are
A. LDCs. B. NICs. C. industrialized countries.