Assuming that the demand and supply of a good both decreased by ...

[tth]

Assuming that the demand and supply of a good both decreased by the same amount, the new equilibrium would represent:
 a. an increase in price and an increase in quantity exchanged.
  b. no change in price and an increase in quantity exchanged.
  c. a decrease in price and a decrease in quantity exchanged.
  d. no change in price, and decrease in quantity exchanged.

Question 2

M1 includes currency, checkable deposits, traveler's checks, and savings deposits
 a. True
  b. False
  Indicate whether the statement is true or false

[DHRUVSHAH]

Answer to Question 1

d

Answer to Question 2

False