Which of the following statements concerning supply and/ordemand is/are true?

Select one:

a. If demand increases and supply simultaneously decreases,equilibrium price will fall.

b. There is no relationship between price and quantitydemanded.

c. If demand decreases and supply simultaneously increases,equilibrium price will fall.

d. If demand decreases and supply remains constant, equilibriumprice will rise.

Question 14

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If the Federal Reserve wants to increase interest rates, whichof the following actions might they take?

Select one:

a. Buy government securities.

b. Sell government securities.

c. Decrease the reserve requirement.

d. Decrease the prime lending rate.

Question 15

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The recent bird flu caused the chicken mortality rate toincrease significantly. As a result, what can you expect?

Select one:

a. The price for chickens should decrease as the demand willdecrease with the negative publicity.

b. The demand for pork, the other white meat, will likelyincrease as it is a substitute for chicken.

c. The supply curve for chickens will shift to the right.

d. The demand curve for pork will not move.

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The supply of coffee has been drastically reduced due to droughtresulting in substantially higher prices. Which of the followingstatements is/are correct?

1. The demand curve for coffee will shift to the right.

2. The demand curve for creamer will shift to the left.

3. The demand for orange juice will increase.

Select one:

a. 1 only.

b. 2 only.

c. 1 and 2.

d. 2 and 3.