If supply falls, what happens to equilibrium price and quantity?

What will be an ideal response?

price rises; quantity falls

Economics

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A technological change ________ and a change in the capital stock ________

A) shifts the productivity curve; shifts the productivity curve B) shifts the productivity curve; creates a movement along the productivity curve C) creates a movement along the productivity curve; shifts the productivity curve D) does not change the productivity curve; creates a movement along the productivity curve E) does not change the productivity curve; shifts the productivity curve

Economics

If the government has a budget deficit, crowding out might occur. Crowding out leads to all of the following EXCEPT

A) a higher real interest rate. B) a decreased quantity of investment. C) a smaller capital stock in the future. D) decreased private saving.

Economics