Ceteris paribus, if the market demand for a product decreases, then equilibrium quantity will (be) ____ and equilibrium price will (be) ____
a. increase; increase
b. indeterminate; decrease
c. indeterminate; increase
d. decrease; decrease
d
Economics
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Building a new home on your land is an example of:
a. inflation b. private property rights c. a command economy d. traditional economics
Economics
How have financial innovations such as direct deposit of paychecks, electronic payment of bills, and automated teller machines (ATMs) affected the velocity of money and the demand for real money balances?
What will be an ideal response?
Economics