According to the supply law, a fall in the price of a good will cause _____ in the supply of the good and vice versa, other things remaining equal. Price and quantity supplied have a ____ relationship.
A: a decrease; negative
B: a decrease; positive
C: an increase; negative
D: aan increase; positive
A: a decrease; negative
B: a decrease; positive
C: an increase; negative
D: aan increase; positive
举一反三
- Law of supply indicates that a rise in the price of a good will cause a decrease in the supply of the good and vice versa, other things remaining equal.
- The law of supply states that, other things equal, when the price of a good A: A、 falls, the supply of the good rises. B: B、 rises, the quantity supplied of the good rises. C: C、 rises, the supply of the good falls. D: D、 falls, the quantity supplied of the good rises.
- 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
- 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
- An increase in market supply and an increase in market demand will result in A: A decrease in equilibrium price and an increase in equilibrium quantity B: A decrease in equilibrium price - the change in equilibrium quantity is indeterminate C: An increase in equilibrium quantity and the change in price is unclear D: all of above