An increase in the price of pineapples will result in
A) a decrease in the demand for pineapples. B) an increase in the supply of pineapples.
C) a larger quantity of pineapples supplied. D) a smaller quantity of pineapples supplied.
C
Economics
You might also like to view...
Clarity Dence pays $375 for a used acoustic guitar from the local music instrument dealer. The dealer himself purchased it for $150. In principle, how would this exchange affect GDP?
A) Nothing happens to GDP, because the guitar is a used good. B) GDP increases by $150. C) GDP increases by $225. D) GDP increases by $375. E) GDP increases by $525.
Economics
Which of the following represents the best example of a price ceiling?
a. a ration coupon b. the price of caviar c. parity pricing d. rent control e. a soil bank program
Economics