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Exhibit 4.6 -For a Given Downward-Sloping Demand Curve, All Other Things Remaining

Question 145

Multiple Choice

Exhibit 4.6
Exhibit 4.6 -For a given downward-sloping demand curve, all other things remaining constant, a decrease in supply will cause a(n) _____ A) increase in demand. B) increase in the equilibrium quantity. C) increase in quantity demanded. D) decrease in quantity demanded. E) decrease in the equilibrium price.
-For a given downward-sloping demand curve, all other things remaining constant, a decrease in supply will cause a(n) _____

A) increase in demand.
B) increase in the equilibrium quantity.
C) increase in quantity demanded.
D) decrease in quantity demanded.
E) decrease in the equilibrium price.

Correct Answer: