Week 2 Chapter 3 QuizPrinciples of Economics 1001.When supply decreases and the supply curve shifts to the left, equilibrium price ________ and equilibrium quantity ________.A. decreases; increasesB. increases; decreases C.increases; increasesD. decreases; decreasesCorrect answer is B2.Assume that tortilla chips and salsa are complements. When the price of tortilla chips decreases3.When the price of apples goes up4.The price of pineapples has risen dramatically. Which of the following is likely to happen?
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- Fall '16
- Economics, Supply And Demand, Correct Answer, Chips and salsa
