A. increase equilibrium price and quantity
B. Decrease equilibrium price and quantity
C. Increase equilibrium price and decrease quantity
D. Decrease equilibrium price and increase quantity
A. The price elasticity of supply is + 3
B. The price elasticity of supply is + 0.2
C. The price elasticity of supply is + 2
D. The price elasticity of supply is infinity
A. Signal
B. Incentive
C. Rationing device
D. Indicator of income
A. Act as a signal
B. Act as a incentive
C. Act as a rationing device
D. shift the demand curve
A. Shifts the supply curve
B. shifts the demand curve
C. Leads to a contractions in supply
D. Leads to an extension of supply
A. Excess supply
B. Excess demand
C. Equilibrium
D. Downward pressure on prices
A. income elastic
B. income inelastic
C. Price elastic
D. Price inelastic
A. Lead to a movement along the demand curve
B. Shift the supply curve
C. Shift the demand curve
D. Lead to an extension of demand
A. decrease in supply
B. increase in demand
C. increase in supply
D. decrease in demand
A. There is an increase in the quantity demanded of apples and in the supply for apples
B. There is an increase in the demand and supply of apples.
C. There is an increase in the demand for apples and a decrease in the supply of apples
D. There is a decrease in the quantity demanded of apples and an increase in the supply for apples
E. There is an increase in the demand for apples and an increase in the quantity supplied of apples.