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