If a market is allowed to move freely to its equilibrium price and quantity, then an increase in supply will
a. increase consumer surplus.
b. reduce consumer surplus.
c. not affect consumer surplus.
d. Any of the above are possible.
a
Economics
You might also like to view...
A decrease in population shifts the production possibilities frontier outwards over time
Indicate whether the statement is true or false
Economics
The secondary market for bonds is a market for
a. bonds that is smaller than the primary market b. bonds that are not first-class c. previously issued bonds d. bonds that are not substitutes for bonds found in the primary market e. newly issued bonds
Economics