Quiz 2 results page 2

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Economics

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Feb 20, 2024

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uestion 5 10 / 10 poi A negative relationship between the quantity demanded and price is called the law of ______. Question options: demand diminishing marginal returns market clearing supply Question 6 10 / 10 points The relationship between the quantity of a good or service sellers are willing and able to offer for sale and the independent variables that determine quantity is: Question options: supply. demand. equilibrium. disequilibrium. Question 7 0 / 10 points A price below the equilibrium price will: Question options: result in pressure for price to rise. result in a surplus. never be the case. result in pressure for price to fall. Question 8 10 / 10 points
It is true that the equilibrium quantity will always go up if supply: Question options: and demand both increase. increases and demand decreases. and demand both decrease. decreases and demand remains unchanged.
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