If market demand decreases and market supply increases, then equilibrium quantity will (be) ____ and equilibrium price will (be) ____

The law of supply tells us that other things remaining the same, as the:

a) cost of producing gasoline increases, the price of gasoline rises. b) price of gasoline falls, the quantity of gasoline supplied decreases. c) supply of gasoline increases, the price of gasoline falls. d) cost of producing gasoline falls, the supply of gasoline will increase. e) price of gasoline rises, the quantity of gasoline supplied decreases.

Moe's Sweaters is a firm in perfect competition. Moe's customers don't know who the firm's workers are

If Moe is the only employer in the market who discriminates against women by paying them less than he pays to equally qualified men, his firm will A) lower its labor cost and receive a greater economic economic profit than its competitors. B) receive a positive economic profit while its competitors will only receive a normal profit. C) not maximize its economic profit and will not survive. D) be able to lower its price and undercut the competitors.