If the demand for a product remains the same and the supply falls,
A) the market clearing price will fall and the equilibrium quantity will rise.
B) the market clearing price will rise and the equilibrium quantity will fall.
C) both the market clearing price and the equilibrium quantity will fall.
D) both the market clearing price and the equilibrium quantity will rise.
Question 2
There is an increase in the demand for cream when the price of coffee falls. Other things constant, we can conclude that coffee and cream are
A) substitute goods.
B) inferior goods.
C) independent goods.
D) complementary goods.
Norway lobsters on sale at a Spanish market
A team of forensic experts working on remains recovered from Ovcara in the former Yugoslavia.
Connect a fused jumper wire to supply 12 volts to terminal 86 and a ground to terminal 85 of the ...
Testing the arterial supply to the lower extremities
Use the product rule to find derivative
Excel hardware is introducing a new product on a new product line of capacity 800 units per ...