A decrease in the demand for soft drinks due to changes in consumer tastes, accompanied by an increase in the supply of soft drinks as a result of reductions in input prices, will result in
A) a decrease in the equilibrium quantity of soft drinks and no change in the equilibrium price.
B) a decrease in the equilibrium price of soft drinks; the equilibrium quantity may increase or decrease.
C) an increase in the equilibrium quantity of soft drinks; the equilibrium price may increase or decrease.
D) a decrease in the equilibrium price of soft drinks and no change in the equilibrium quantity.
Question 2
An example of a factor of production for Dell is
A) the computers exported by Dell. B) a worker hired by Dell.
C) corporate bonds sold by Dell. D) stock issued by Dell.
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