All else equal, a decrease in the demand for oranges will lead to a(n) ________ in equilibrium price and a(n) ________ in equilibrium quantity.

A. decrease; increase
B. decrease; decrease
C. increase; increase
D. increase; decrease

Answer: B

Economics

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Net exports must always be a positive amount

Indicate whether the statement is true or false

Economics

When the central bank announces the inflation rate that it will achieve over the next one to four years, it is following a strategy known as

A. real business cycle targeting. B. inflation targeting. C. a currency board. D. money targeting.

Economics