Which of the following statements is correct? Multiple Choice If supply decreases and demand remains constant, equilibrium price will fall. If supply decreases and demand increases, equilibrium quantity is indeterminate. If supply increases and demand remains constant, equilibrium price will rise. If supply increases and demand increases, equilibrium quantity will fall. If supply increases and demand increases, equilibrium price will rise.

To be able to better compare stock performance within the same industry, similar companies are grouped into? a)market sectors b) industry blocks c) performance sectors d) average earning blocks

In the supply-and-demand schedule shown above, at the lowest price of $50, producers supply music players and consumers demand music players.

Consider the market for gasoline. suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon, and employees at gas stations earn $17.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect the government has instituted a legal minimum price of $3.40 per gallon for gasoline. the government prohibits gas stations from selling gasoline for more than $3.40 per gallon. due to new regulations, gas stations that would like to pay better wages in order to hire more workers are prohibited from paying more than $14.50 per hour.