A decrease in demand will cause the equilibrium price and quantity of a good to fall, ceteris paribus.

Which of the following statements is true concerning the trend in hospital care between in-patient and out-patient services since the mid-1980s?

a. Both have been declining. b. Out-patient services have been static while in-patient services have been declining. c. Out-patient services have increased substantially because admissions are down. d. Both have been growing. e. There has been no noticeable trend in either in-patient or outpatient services.

The part of consumption that is determined by income is referred to as autonomous consumption

a. True b. False