As a result of an increase in the supply of a good, the equilibrium quantity __________and the equilibrium price__________ .
A) increases; rises
B) decreases; falls
C) decreases; rises
D) increases; falls
Correct Answer:
Verified
Q301: If the price of crude oil falls,
Q302: Bicycles are made out of steel. If
Q303: After the sugar substitute saccharin was found
Q304: If workers who make DVDs get a
Q305: During the past twenty years, the prices
Q307: If more people buy hybrid cars that
Q308: Leather belts and leather shoes are substitutes
Q309: ʺThe recent hurricanes in Florida are bringing
Q310: If technological advances lower the cost of
Q311: Beef and leather belts are complements in
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents