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Author Question: An increase in demand will cause a(n) a. increase in supply b. decrease in supply c. decrease in ... (Read 152 times)

P68T

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on: Jul 1, 2018
An increase in demand will cause a(n)
 a. increase in supply
  b. decrease in supply
  c. decrease in quantity supplied
  d. increase in quantity supplied
  e. decrease in equilibrium price

Question 2

The effect of an increase in consumer income on equilibrium price and quantity of Florida orange juice (a normal good) is
 a. to increase equilibrium price and quantity
  b. to decrease equilibrium price and quantity
  c. to increase equilibrium price and decrease equilibrium quantity
  d. to increase equilibrium quantity and decrease equilibrium price
  e. that equilibrium price and quantity remain constant


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Andromeda18

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

D

Answer to Question 2

A


P68T

  • Member
  • Posts: 509
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

juliaf

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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