Ceteris paribus, a decrease in the price of a good will cause the
a. quantity demanded of the good to decrease.
b. quantity supplied of the good to increase.
c. producer surplus derived from the good to decrease.
d. supply of the good to decrease.
C
Economics
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The above figure shows the market for pizza. The market is in equilibrium. Pizza and tacos are substitutes for consumers. The price of tacos falls. What point represents the most likely new price and quantity?
A) A B) B C) C D) D E) E
Economics
The table above gives some of the accounts of the United States in 2020
a) What is the private sector balance? b) What is the government sector balance? c) What is net exports?
Economics