If the supply curve decreases while the demand curve remains unchanged, the equilibrium price would increase

Which of the following demonstrates the law of supply? a. When leather became more expensive, belt producers decreased their supply of belts

b. When car production technology improved, car producers increased their supply of cars. c. When sweater producers expected sweater prices to rise in the near future, they decreased their current supply of sweaters. d. When lemon prices rose, lemon growers increased their quantity supplied of lemons.

According to economic liberalism, the regulating force of the economy is

a. self-interest. b. laissez-faire. c. competition. d. the government.