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Answer to Question #247186 in Macroeconomics for SODIQ ADIO KAREEM
Question #247186
An decrease in the market price with a constant quantity of good that are produced can be caused by:
a. decrease in supply of a good;
b. decrease in demand for a good;
c. a simultaneous increase in demand and decrease in supply;
d. a simultaneous decrease in demand and increase in supply.
a. decrease in supply of a good;
b. decrease in demand for a good;
c. a simultaneous increase in demand and decrease in supply;
d. a simultaneous decrease in demand and increase in supply.
Expert's answer
d. a simultaneous decrease in demand and increase in supply.
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