When the demand for a product decreases but the supply of the product remains unchanged,
A. the price of the product will rise and quantity will decrease.
B. the price of the product will be unaffected.
C. the price of the product will fall and quantity will remain the same.
D. the price of the product will fall and the quantity will fall.
D. the price of the product will fall and the quantity will fall.
Economics
You might also like to view...
The figure above illustrates a small country's production possibilities frontier. Moving from point C to point B, the per unit opportunity cost of computers is ________ per computer
A) 4 tablets B) 5/4 of a tablet C) 4/5 of a tablet D) 1/4 of a tablet E) 1 computer
Economics
Refer to Table 23-2. Using the table above, compute aggregate expenditure and identify the macroeconomic equilibrium
What will be an ideal response?
Economics