Question 3 1 1 pts which of the following would cause

Question 3
1 / 1 pts
Which of the following would cause an increase in the equilibrium price and decrease in
the equilibrium quantity of watermelon?
an increase in demand and an increase in supply
an increase in demand and an increase in supply greater than the increase in demand
Correct!
a decrease in supply
a decrease in demand and an increase in supply
Question 4
1 / 1 pts
When Toyota introduced its 2010 Prius, it announced that the average retail price of the
2010 model would be lower than the average retail price was for the equivalent 2009
model. Which of the following would explain the price differential?

The demand for the Prius had increased, and the supply of the Prius remained
unchanged.
The demand for the Prius had increased, and the supply of the Prius had decreased.
Question 5
1 / 1 pts
Assume that both the demand curve and the supply curve for DVD players shift to the
left but the demand curve shifts more than the supply curve. As a result