Assume a market is in equilibrium. There is an increase in supply, but no change in demand As a result the equilibrium price ________, and the equilibrium quantity ________
A) rises; increases
B) rises; decreases
C) rises; does not change
D) falls; decreases
E) falls; increases
E
Economics
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Refer to Table 9-8. Fill in the following table with the opportunity costs of producing bows and arrows for Ahmet and MyLinh
Bows Arrows Ahmet MyLinh
Economics
If an economy is fully utilizing its resources, it can produce more of one product only if it
A. adds more people to the labor force. B. doubles manufacturing of the product. C. reduces the price of the most expensive products. D. produces less of another product.
Economics