Buyers in the market for used guitars are getting more pessimistic about the possibility of getting a good guitar. This will cause the price of used guitars to and the percentage of good used guitars to .

A. increase; increase
B. increase; decrease
C. decrease; increase
D. decrease; decrease

Answer: D

Economics

What are the main influences on the quantity of real money that people and businesses plan to hold?

What will be an ideal response?

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Economics

Using only marginal revenue and marginal cost, we can determine whether a firm is incurring a profit or a loss

a. True b. False Indicate whether the statement is true or false

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Economics

Buyers in the market for used guitars are getting more pessimistic about the possibility of getting a good guitar. This will cause the price of used guitars to ________ and the percentage of good used guitars to ________.