The more people who have cell phones, the more valuable they are to everyone. This is an example of a(n) ________

When supply increases and the supply curve shifts to the right, equilibrium price ________ and equilibrium quantity ________

A) increases; decreases B) decreases; decreases C) increases; increases D) decreases; increases

In which industry or sector of the economy is output least likely to be affected by the business cycle?

A. Capital goods production B. Agricultural commodities C. Automobile production D. Housing construction