All Else Constant, an Increase in the Supply of

question 14

Multiple Choice

All else constant, an increase in the supply of

• A) increases the equilibrium quantity and the equilibrium price of bonds.
• B) increases the equilibrium quantity and decreases the equilibrium price of bonds.
• C) decreases the equilibrium quantity and increases the equilibrium price of bonds.
• D) decreases the equilibrium quantity and the equilibrium price of bonds.

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Definitions:

General Purpose Machines

Machines designed to perform a variety of tasks, as opposed to specialized machines which are designed for a specific task.