Suppose that the equilibrium price of french fries rises while the equilibrium quantity falls. The most likely explanation for these changes is Multiple Choice a decrease in demand for french fries a decrease in the supply of french fries. an increase in demand for french fries
Suppose that the equilibrium price of french fries rises while the equilibrium quantity falls. The most likely explanation for these changes is Multiple Choice a decrease in demand for french fries a decrease in the supply of french fries. an increase in demand for french fries
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter4: The Market Forces Of Supply And Demand
Section: Chapter Questions
Problem 6CQQ
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![Suppose that the equilibrium price of french fries rises while the equilibrium quantity falls. The most likely explanation for these
changes is
Multiple Choice
a decrease in demand for french fries
a decrease in the supply of french fries.
an increase in demand for french fries](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7b9ef3af-1bb5-4398-94ba-7d8c1b3fd143%2F5734863c-d294-4645-8097-8a3c8b905e73%2F9hm8yblm_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Suppose that the equilibrium price of french fries rises while the equilibrium quantity falls. The most likely explanation for these
changes is
Multiple Choice
a decrease in demand for french fries
a decrease in the supply of french fries.
an increase in demand for french fries
![If supply increases, then
Multiple Choice
the quantity demanded will increase.
the quantity demanded will decrease.
price will increase.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7b9ef3af-1bb5-4398-94ba-7d8c1b3fd143%2F5734863c-d294-4645-8097-8a3c8b905e73%2F79a7fwn_processed.jpeg&w=3840&q=75)
Transcribed Image Text:If supply increases, then
Multiple Choice
the quantity demanded will increase.
the quantity demanded will decrease.
price will increase.
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