A Decrease in Input Costs to Firms in a Market

question 91

Multiple Choice

A decrease in input costs to firms in a market will result in a(n)

• A)decrease in equilibrium price and an increase in equilibrium quantity.
• B)decrease in equilibrium price and a decrease in equilibrium quantity.
• C)increase in equilibrium price and a decrease in equilibrium quantity.
• D)increase in equilibrium price and an increase in equilibrium quantity.

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Definitions:

Aqueous Acid

A solution where an acid is dissolved in water to increase its ion concentration.

Bromination

A chemical reaction involving the addition of bromine to a compound, often used for adding bromine atoms to organic molecules.

Benzene Sulfonic Acid

A compound with a sulfonic acid group attached to a benzene ring, used in the production of detergents.

Dibromobenzene

Dibromobenzene refers to any of the compounds containing a benzene ring substituted with two bromine atoms, known in three isomeric forms.