An increase in demand for a product should ?

Related Mcqs:

If the price in a market is fixed by the government below equilibrium ?

A. There is excess equilibrium B. There is excess supply C. There is excess demand D. There is equilibrium...

Where a tax can be shifted, the incidence depends on ?

A. Whether there is perfect or imperfect information B. elasticities of demand and supply C. how many producers there are: D. who is legally obliged to pay the tax...

The law of supply states that an increase in the price of a good ?

A. none of these answers B. increases the quantity supplied of that good C. increase the supply of that good D. decrease the demand for the good E. decrease the quantity demanded for that good...

If the price was fixed below the equilibrium price there would be ?

A. Excess supply B. Excess demand C. Equilibrium D. Downward pressure on prices...

In Nash equilibrium each player chooses the best strategy ?

A. Assuming other players move first B. dominated by the other players C. given the strategies of other players D. that is a credible threat...