What combination of changes would most likely decrease the equilibrium price?
A. When supply decreases and demand increases
B. When demand increases and supply increases
C. When demand decreases and supply decreases
D. When supply increases and demand decreases
D. When supply increases and demand decreases
Economics
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Which of the following countries is part of the ERM but NOT part of the Eurozone?
A) France B) Italy C) Spain D) Denmark
Economics
Of the following, who gains because of tariffs and why?
A) domestic producers of protected goods because they can sell at a higher price B) domestic buyers because they can be sure of buying high-quality products C) foreign producers because they earn more total revenue D) foreign government because they gain more revenue E) domestic buyers because they pay a lower price
Economics