An increase in demand accompanied by a simultaneous decrease in supply will have what effect on equilibrium?
a. Price will either rise or fall; quantity will fall.
b. Price will rise; quantity will fall.
c. Price will rise; quantity will either rise or fall.
d. Price will either rise or fall; quantity will rise.
e. Price will fall; quantity will either rise or fall.
C
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A trade surplus occurs when a country's exports exceed that country's imports
Indicate whether the statement is true or false
The price of electricity consumption increased in a country. Since electricity is used for the production of various goods and services, this will lead to a ________, assuming all else equal
A) rightward shift of the labor demand curves of firms B) upward movement along the labor demand curves of firms C) leftward shift of the labor demand curves of firms D) downward movement along the labor demand curves of firms