Which of the following would result from a decrease in supply? A. a decrease in the equilibrium price and a decrease in the equilibrium guantity B. an increase in the equilibrium price and an increase in the equilibrium quantity C. a decrease in the equilibrium price and an increase in the equilibrium quantity D. an increase in the equilibrium price and a decrease in the equilibrium quantity Which of the following would cause a rightward shift of the demand curve and a leftward shift of the supply curve? A. a decrease in the price of a substitute and a decrease in the price of a complement in production B. an expectation of higher income and a decrease in productivity C. a positive change in consumer tastes and a decrease in the cost of an input D. a decrease in the price of a complement and an expectation by firms of a lower price E. an expectation by consumers of a lower price and a decrease in the number of firms in an industry
Which of the following would result from a decrease in supply?
A. a decrease in the
B. an increase in the equilibrium price and an increase in the equilibrium quantity
C. a decrease in the equilibrium price and an increase in the equilibrium quantity
D. an increase in the equilibrium price and a decrease in the equilibrium quantity
Which of the following would cause a rightward shift of the demand curve and a leftward shift of the supply curve?
A. a decrease in the price of a substitute and a decrease in the price of a complement in production
B. an expectation of higher income and a decrease in productivity
C. a positive change in consumer tastes and a decrease in the cost of an input
D. a decrease in the price of a complement and an expectation by firms of a lower price
E. an expectation by consumers of a lower price and a decrease in the number of firms in an industry
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