Studentwhiz | ECO 561 Final Exam, ECO 561 final exam 2016

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• ECO 561 Final Exam

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ECO 561 Final Exam ( LATEST)

• 1.Suppose that in the clothing market, production
  costs have fallen, but the equilibrium price and
  quantity purchased have both increased. Based on
  this information you can conclude that
• A. the supply of clothing has grown faster than
  the demand for clothing
• B. demand for clothing has grown faster than the
  supply of clothing
• C. the supply of and demand for clothing have
  grown by the same proportion
• D. there is no way to determine what has happened
  to supply and demand with this information

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