Question
This question has multiple answers. Select all that apply. A decrease in the number of buyers in the market and a decrease in resource prices
This question has multiple answers. Select all that apply.
A decrease in the number of buyers in the market and a decrease in resource prices at the same time. There are no other changes.
Decrease in demand
Increase in demand
Decrease in equilibrium price
Increase in equilibrium quantity
Increase in supply
Increase in equilibrium price
Decrease in equilibrium quantity
Decrease in supply
Following elasticity is always positive:
A) price elasticity of demand
B)Income elasticity of demand
C)Price elasticity of supply
D)Cross-price elasticity of demand
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