At equilibrium price quantity demanded is a. greater than quantity supplied b. equal to quantity supplied C. smaller than quantity supplied When demand declines and supply stay the same a. equilibrium quantity rises b. equilibrium quantity declines c. equilibrium quantity stays the same -A supply schedule is determined by the wishes of a. sellers b. buyers c. buyers and sellers d. neither sellers nor buyers .What happens to quantity supplied when price is raised? a. it rises b. it falls c.it stays the same d. it cannot be determined if it rises, falls or stays the same
At equilibrium price quantity demanded is a. greater than quantity supplied b. equal to quantity supplied C. smaller than quantity supplied When demand declines and supply stay the same a. equilibrium quantity rises b. equilibrium quantity declines c. equilibrium quantity stays the same -A supply schedule is determined by the wishes of a. sellers b. buyers c. buyers and sellers d. neither sellers nor buyers .What happens to quantity supplied when price is raised? a. it rises b. it falls c.it stays the same d. it cannot be determined if it rises, falls or stays the same
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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