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Author Question: A decrease in supply will cause a(n) a. increase in demand b. decrease in demand c. increase in ... (Read 125 times)

deesands

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  • Posts: 514
on: Jul 1, 2018
A decrease in supply will cause a(n)
 a. increase in demand
  b. decrease in demand
  c. increase in quantity demanded
  d. decrease in quantity demanded
  e. decrease in equilibrium price

Question 2

A rightward shift of a supply curve
 a. represents a decrease in supply
  b. might be caused by an increase in demand
  c. might be caused by a price ceiling
  d. would cause an excess quantity supplied at the previous equilibrium price
  e. might be caused by a decrease in demand


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memslove

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Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

D


deesands

  • Member
  • Posts: 514
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

dreamfighter72

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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