If we observe a decrease in the price of a good and a decrease in the amount of the good bought and sold, this could be explained by
A) an increase in the supply of the good.
B) an increase in the demand for the good.
C) a decrease in the demand for the good.
D) a decrease in the supply of the good.
Correct Answer:
Verified
Q171: If there is a decrease in demand
Q172: A recent study suggested that moderate wine
Q173: A technological breakthrough lowers the cost of
Q174: If we observe a decrease in the
Q175: Consider the market for grapes. An increase
Q177: Suppose prices for new homes have risen
Q178: If the supply of a good decreased,
Q179: If we observe an increase in the
Q180: If you were a government official that
Q181: How would a decrease in the cost
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