Which of the following is false?
a. If demand decreases and supply increases, the equilibrium price will rise
b. If supply decreases and demand remains the same, the equilibrium price will rise.
c. if supply increases and demand decreases, the equilibrium price will fall.
d. if demand increases and supply decreases, the equilibrium price will rise.
a
Economics
You might also like to view...
Federal support for road building into publicly owned commercial forests has caused
a. an increase in the supply of timber. b. an increase in the demand for timber. c. higher timber prices. d. a shortage of timber. e. All of the above.
Economics
Using supply and demand curve analysis, the triangular area below the equilibrium price and above the supply curve is: a. consumer surplus. b. producer surplus. c. marginal cost
d. deadweight loss.
Economics