Suppose consumer preference for beef starts to rise while the cost of raising beef continues to rise. In the market for beef, this would be represented by the equilibrium price ________ and the equilibrium quantity ________
A) increasing; increasing or decreasing B) increasing or decreasing; increasing
C) decreasing; increasing or decreasing D) increasing or decreasing; decreasing
A
Economics
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I. Facilitates the exchange of goods II. Reduces the incentive to barter A) I only B) II only C) Both I and II D) Neither I nor II
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What, if any, is the impact of the CPI bias on government spending and taxes?
What will be an ideal response?
Economics