• 2022-06-06
    Which of the following will definitely occur when there is an increase in demand for and a decrease in supply of milk?
    A: an increase in equilibrium quantity
    B: a decrease in equilibrium quantity
    C: a decrease in equilibrium price
    D: an increase in equilibrium price.
  • D

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    • 0

      If a 15% increase in price for a good results in a 20% decrease in quantity demanded, the price elasticity of demand is

    • 1

      Which of the following would increase the supply of corn? A: a decrease in the price of wheat B: an increase in the price of pesticides C: a severe drought in the corn belt D: a decrease in the demand for corn E: a fall in the price of corn

    • 2

      Which of the following can be predicted to increase the demand for labor? a. An increase in the price of a gross complement to labor b. A decrease in the price of a gross substitute for labor c. A decrease in the number of firms d. An increase in product demand A: An increase in the price of a gross complement to labor B: A decrease in the price of a gross substitute for labor C: A decrease in the number of firms D: An increase in product demand

    • 3

      Which of the following would cause price to decrease? A: a decrease in supply B: an increase in demand C: a surplus of the good D: a shortage of the good

    • 4

      Which of the following would cause price to decrease? A: A、a decrease in supply B: B、an increase in demand C: C、a surplus of the good D: D、a shortage of the good