Supply of cars decreases and demand for cars decreases

Assignment Help Business Economics

Reference no: EM131003591

If supply of cars decreases and demand for cars decreases, then the equilibrium

a. price will decrease and quantity will increase

b. price will increase and quantity will decrease

c. price will increase and quantity could increase, decrease, or remain the same

d. price could increase, decrease, or remain the same and quantity will decrease

Reference no: EM131003591

Questions Cloud

Who gains and who loses from a tariff : Guided Response: Review the discussion board posts of your classmates. Note their analysis of those who gain and lose from a tariff. Respond to at least two of your classmates. Compare your classmates' analyses on using tariffs vs. quotas by compa..

Compute the rate of return for this investment : A project has an initial cost of $160,000 and an estimated salvage value after 14 years of $100,000. Estimated average annual revenues are $28,000. Estimated average annual costs are $16,000. Assuming that annual revenues and costs will be uniform, c..

Differences between mitosis in animal and plant cells : Name two main differences between mitosis in animal and plant cells. In which one of the stages above does RNA and protein synthesis occur? Are chromosomes visible in that phase? Look at the file for the pictures accompanied with the questions!

Prepare the appropriate journal entry to record alsup : Prepare the appropriate journal entry to record Alsup's 2013 income taxes.

Supply of cars decreases and demand for cars decreases : If supply of cars decreases and demand for cars decreases, then the equilibrium

Levels of investment in the two economies : Suppose there are two closed economies: Economy A and Economy B. Economy A has a high average rate of time preference relative to economy B’s low average rate of time preference. Describe the differences you would expect to see with respect to intere..

How should the deferred tax amount be classified : Determine the balance in the related deferred tax account at the end of each year. Is it a deferred tax asset or a deferred tax liability?

What is the net torque acting on the meter stick : What is the net torque acting on the meter stick? How do you know this by looking at the meter stick? Would the net torque just be 0 ? How did you know where to place the hanger to balance the stick? Explain in detail using torques.

Find the taylor polynomial of degree n : Suppose f(x) = 12e-x. Find the Taylor Polynomial of degree n = 3 about a = 0 and evaluate at x = 4/100.

User Account

All Pages