A decrease in the price of a good would
a. increase the demand for the good.
b. increase the quantity demanded for the good.
c. decrease the demand for the good.
d. decrease the quantity supplied of the good.
B
Economics
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Taxes on emissions have come to be called
A) the "command and control" approach. B) "licenses to pollute." C) spillover costs. D) the fallacy of false alternatives.
Economics
Long-run equilibrium under monopolistic competition is similar to that under perfect competition in that
A) firms earn normal profits. B) price equals marginal revenue. C) price equals marginal cost. D) firms produce at the minimum point of their average cost curves.
Economics