If the demand for hamburgers decreases, the equilibrium price
A) rises and the equilibrium quantity increases.
B) falls and the equilibrium quantity increases.
C) rises and the equilibrium quantity decreases.
D) falls and the equilibrium quantity decreases.
D
Economics
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Refer to the above table. What is the marginal factor cost when the firm employs the second unit of labor?
A) $19
B) $21
C) $36
D) $38
Economics
If both supply and demand for a good increase, which of the following will definitely happen?
a. Equilibrium price will remain the same b. Equilibrium price will increase c. Equilibrium price will decrease d. Equilibrium quantity will increase e. Equilibrium quantity will decrease
Economics