If a competitive market is in equilibrium and then the price of an input increases and at the same time the price of a complement for the good decreases then we can predict which of the following?
A) Q decreases
B) P decreases
C) Q increases
D) P increases
Correct Answer:
Verified
Q44: An effective quota does not:
A)raises the price
Q45: An import tariff:
A)increases prices for domestic consumers.
B)decreases
Q46: An effective quota system does not:
A)increase quantity
Q47: When the value of a quota gets
Q48: The market demand for cars is P
Q50: The market demand for cars is P
Q51: Import tariffs have the effect of:
A)lowering the
Q52: Which of the following would not cause
Q53: A per unit tax will:
A)only cause a
Q54: If the demand curve in a decreasing
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