A decrease in demand for a products should ?

Related Mcqs:

Which best describes consumer surplus ?

A. The price consumers are willing to pray for a unit B. The cost of providing a unit C. The profits made by a firm D. The difference the price a consumer pays for an item and the price he/she is willing to pay...

It is necessary to ration a good whenever ?

A. supply exceeds demand B. a surplus exists C. there is perfectly inelastic demand for the good D. demand exceeds supply...

The effect of a tax to offset a negative externality will be to ____ price and ______ quantity?

A. reduce , reduce B. increase, increase C. increase, reduce D. reduce, increase...

Which of the following statements is true about the impact of an increase in the price of lettuce ?

A. Both the demand for lettuce will decrease and the equilibrium price and quantity of salad dressing will fall B. The supply of lettuce will decrease C. The demand for lettuce will decrease D. The equilibrium price and quantity of salad dressing will fall E. The equilibrium price and quantity of salad dressing will rise...

The government is considering placing a tax on cigarettes to raise revenue to finance health-care benefits. The demand for cigarettes is price inelastic Which of the following statements is True ?

A. This tax will not raise much revenue either in the short term or the long term since demand is price inelastic B. The tax on cigarettes may not raise as much revenue as anticipated in the years to com because the demand for cigarettes is likely to become more elastic over time. C. This … The government is considering placing a tax on cigarettes to raise revenue to finance health-care benefits. The demand for cigarettes is price inelastic Which...