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Author Question: A decrease in the demand for incandescent light bulbs due to changes in consumer tastes, accompanied ... (Read 121 times)

vicky

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on: Jun 29, 2018
A decrease in the demand for incandescent light bulbs due to changes in consumer tastes, accompanied by a decrease in the supply of incandescent light bulbs as a result of government restrictions, will result in
 
  A) a decrease in the equilibrium quantity of incandescent light bulbs; the equilibrium price may increase or decrease.
  B) a decrease in the equilibrium quantity of incandescent light bulbs and no change in the equilibrium price.
  C) a decrease in the equilibrium price of incandescent light bulbs and no change in the equilibrium quantity.
  D) a decrease in the equilibrium price of incandescent light bulbs; the equilibrium quantity may increase or decrease.

Question 2

Those who favor changes in the market for health care that would make it more like the markets for other goods and services favor what are generally known as market-based reforms.
 
  Indicate whether the statement is true or false
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popopong

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

TRUE


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