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:

Number Words

Words that denote numbers, allowing for the expression and communication of quantities.

Specific Quantities

Quantities that are clearly defined or precise, not vague or general.

Mathematics

is the abstract science of numbers, quantity, and space, either studied in its own right (pure mathematics) or as applied to other disciplines such as physics and engineering (applied mathematics).

Syllables

Units of organization for a sequence of speech sounds, typically comprising a vowel sound with or without surrounding consonants.