Anjj asked in Social ScienceEconomics · 6 months ago

Help Economic !!!?

An increase in demand for a good may be caused by a(n):

A. Shift in supply of the good

B. Increase in the price of the good

C. Decrease in the price of the good

D. Increase in the price of a substitute good

When demand for personal computers increases, there is an increase in supply but no increase in the quantity supplied as the equilibrium price rises.

A. true

B. false

A decrease in the demand for a good is expected to cause:

A. Higher prices and decreased quantity sold

B. Higher prices and increased quantity sold

C. Lower prices and increased quantity sold

D. Lower prices and decreased quantity sold

An increase in the supply of wheat in the United States is most likely to result from:

A. A decrease in the amount of subsidies that wheat farmers receive from the government

B. A change in farming technology that improves the soil for wheat

C. An increase in the cost of machinery for harvesting wheat

D. An increase in the price of wheat

There is a surplus in a market for a product when:

A. The decrease in supply is greater than the increase in demand

B. The increase in demand is greater than the decrease in supply

C. Quantity supplied is less than quantity demanded

D. Quantity demanded is less than quantity supplied

A government-set price ceiling will lower equilibrium price and quantity in a market.

A. true

B. false

3 Answers

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  • Oiy
    Lv 6
    6 months ago
    Favourite answer

    D is obvious. The demand for a good will shift to the right because the increase in price of a substitue good.

  • kswck2
    Lv 7
    6 months ago

    Both your questions look like homework questions. If WE anwser them how would You learn? 

  • JuanB
    Lv 7
    6 months ago

    D. Increase in the price of a substitute good

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