Good A and good B are substitutes in production. The demand for good A decreases, which lowers the price of good A. The decrease in the price of good A ( )
A: decreases the supply of good
B: increases the supply of good
C: decreases the demand for good
D: increases the demand for good
A: decreases the supply of good
B: increases the supply of good
C: decreases the demand for good
D: increases the demand for good
举一反三
- If there are very few, if any, good substitutes for good A, then (). A: supply of good A would tend to be price elastic. B: demand for good A would tend to be price inelastic. C: demand for good A would tend to be price elastic. D: demand for good A would tend to be income elastic.
- 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
- Suppose that demand for a good increases and, at the same time, supply of the good decreases. What would happen in the market for the good?
- 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
- If the equilibrium price of a good decreases and the equilibrium quantity of the good decreases, we can conclude that