JUST TYPE LETTER ONLY FOR THE ANSWER!

If the price of a good rises, then:

a.

more sellers will enter a market but existing sellers will not expand.

b.

existing sellers will expand but more sellers will not enter a market.

c.

more sellers will enter a market and existing sellers will expand.

d.

more sellers and more buyers will enter a market

A decrease in quantity demanded can be caused by:

a.

a decrease in quantity supplied.

b.

a decrease in supply.

c.

an increase in supply.

d.

an increase in quantity supplied.

A "change in demand" and a "change in quantity demanded" are:

a.

related, but different, concepts.

b.

distinct concepts, but it is not important to understand the difference.

c.

two different ways to say the same thing.

d.

only related in that they both occur in response to price changes.

If a good can be stored, then the expectation of a higher future price would have what impact on the supply of that good?

a.

Supply in the present would fall, and supply in the future would rise.

b.

Supply in the present would rise, and supply in the future would fall.

c.

Supply in the present would remain unchanged, but supply in the future would rise.

d.

Supply in the present and supply in the future would both fall.