Macroeconomics 11th Edition by Stephen Slavin

Exercise 47

Before you get started, you'll find it's much easier to answer many of these questions by first sketching a graph of a supply and demand curve. In fact, that graph will help you answer the first four questions.
Circle the letter that corresponds to the best answer.
When demand rises and supply stays the same, ______.
a) equilibrium quantity rises
b) equilibrium quantity declines
c) equilibrium quantity stays the same