For a downward-sloping demand curve, a rightward shift of a supply curve: Oa. decreases equilibrium price and increases equilibrium quantity. Ob. has no impact on the equilibrium price and quantity. Oc. increases both price and equilibrium quantity. Od. increases equilibrium price and decreases equilibrium quantity. Oe. decreases both price and equilibrium quantity.
For a downward-sloping demand curve, a rightward shift of a supply curve: Oa. decreases equilibrium price and increases equilibrium quantity. Ob. has no impact on the equilibrium price and quantity. Oc. increases both price and equilibrium quantity. Od. increases equilibrium price and decreases equilibrium quantity. Oe. decreases both price and equilibrium quantity.
Chapter3: Market Demand And Supply
Section: Chapter Questions
Problem 1SQ
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![For a downward-sloping demand curve, a rightward shift of a supply curve:
Oa. decreases equilibrium price and increases equilibrium quantity.
Ob. has no impact on the equilibrium price and quantity.
Oc. increases both price and equilibrium quantity.
Od. increases equilibrium price and decreases equilibrium quantity.
Oe. decreases both price and equilibrium quantity.
For a given downward-sloping demand curve, a decrease in supply will cause a(n):
Oa. increase in demand.
Ob. increase in equilibrium quantity.
Oc. increase in quantity demanded.
Od. decrease in quantity demanded.
Oe. decrease in equilibrium price.
The term fiscal policy refers to:
Oa. the amount of physical output produced by firms.
Ob. a tool of government that works in the opposite direction of monetary policy.
Oc. spending and taxing by governments.
Od. the avenue by which government influences credit markets.
Oe. the means by which government policy makes firms more productive.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbd0070a1-1b6f-4793-befb-6647b241bece%2Fcb06c402-a4af-41eb-8e49-a6c706387bc3%2Fhu1vxgn_processed.jpeg&w=3840&q=75)
Transcribed Image Text:For a downward-sloping demand curve, a rightward shift of a supply curve:
Oa. decreases equilibrium price and increases equilibrium quantity.
Ob. has no impact on the equilibrium price and quantity.
Oc. increases both price and equilibrium quantity.
Od. increases equilibrium price and decreases equilibrium quantity.
Oe. decreases both price and equilibrium quantity.
For a given downward-sloping demand curve, a decrease in supply will cause a(n):
Oa. increase in demand.
Ob. increase in equilibrium quantity.
Oc. increase in quantity demanded.
Od. decrease in quantity demanded.
Oe. decrease in equilibrium price.
The term fiscal policy refers to:
Oa. the amount of physical output produced by firms.
Ob. a tool of government that works in the opposite direction of monetary policy.
Oc. spending and taxing by governments.
Od. the avenue by which government influences credit markets.
Oe. the means by which government policy makes firms more productive.
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