Which of the following always results in an increase in equilibrium price and quantity?
A) an increase in supply and a decrease in demand
B) an increase in demand with no change in supply
C) an increase in supply with no change in demand
D) all of the above
Ans: B) an increase in demand with no change in supply
Economics
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An emission fee levied against polluting firms will tend to shift the:
A. Supply curve of the firms to the left B. Supply curve of the firms to the right C. Demand curve for the product to the left D. Demand curve for the product to the right
Economics
The urban consumers that the CPI is based on includes:
A. institutionalized persons. B. persons in the military. C. incarcerated persons. D. the CPI does not include any of these.
Economics