Let D = Demand, S = Supply, P = Equilibrium

question 461

Multiple Choice

Let D = demand, S = supply, P = equilibrium price, Q= equilibrium quantity. What happens in the market for tropical hardwood trees if the governments restrict the amount of forest lands that can be logged?

• A) D decreases, S no change, P and Q decrease
• B) S decreases, D no change, P increases, Q decreases
• C) D and S decrease, P and Q increase
• D) D no change, S decreases, P increases, Q increases

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Definitions:

Function Prototype

A declaration of a function that specifies the function's name, return type, and parameters, used to inform the compiler about the function's existence before its actual definition.

Two-dimensional Argument

Refers to an argument of a function that is a two-dimensional array or a list of lists.