If the cost of producing a good rises for sellers, then how will this affect the market equilibrium for that good?
a. Price will rise and quantity will fall.
b. Price and quantity will both rise.
c. Price and quantity will both fall.
d. Price will fall and quantity will rise.
a
Economics
You might also like to view...
In the balance of payments accounts, changes in U.S. official reserves are recorded in the
A) international currency account. B) current account. C) international reserves account. D) official settlements account. E) capital and financial account.
Economics
A country that is borrowing more from the rest of the world than it is lending is called a
A) net debtor. B) net loaner country. C) net lender. D) net borrower. E) net creditor.
Economics