f a market is initially in equilibrium, ceteris paribus, an increase in demand will:
A) increase both the equilibrium price and quantity of the good.
B) increase the equilibrium price but decrease the equilibrium quantity of the
good.
C) decrease the equilibrium price but increase the equilibrium quantity of the
good.
D) decrease both the equilibrium price and quantity of the good.
E) None of the above.
21. If a market is initially in equilibrium, ceteris paribus, an increase in supply will:
A) increase both the equilibrium price and quantity of the good.
B) increase the equilibrium price but decrease the equilibrium quantity of the
good.
C) decrease the equilibrium price but increase the equilibrium quantity of the
good.
D) decrease both the equilibrium price and quantity of the good.
E) None of the above
1
Expert's answer
2017-03-31T13:11:07-0400
f a market is initially in equilibrium, ceteris paribus, an increase in demand will:
Answer: a
21. If a market is initially in equilibrium, ceteris paribus, an increase in supply will:
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