An increase in the supply of gasoline, ceteris paribus, will cause equilibrium price
A. To rise and equilibrium quantity to fall.
B. And equilibrium quantity to fall.
C. To fall and equilibrium quantity to rise.
D. And equilibrium quantity to rise.
Answer: C
Economics
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If the number of people in the labor force ________, then ________
A) increases; the labor force participation rate increases B) increases; the unemployment rate definitely increases C) decreases; the unemployment rate definitely decreases D) decreases; the labor force participation rate increases E) decreases, the unemployment rate does not change
Economics
The demand curve facing the firm in ____ is the same as the industry demand curve
a. pure competition b. monopolistic competition c. oligopoly d. pure monopoly e. none of the above
Economics