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Question: question 6 a decrease in demand and a decrease in...

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QUESTION 6 A decrease in demand and a decrease in supply will lead to O unambiguous increases in both price and quantity. O unambiguous decreases in both price quantity. O an unambiguous decrease in price, but the effect on quantity is indeterminate. O an unambiguous decrease in quantity, but the effect on price is indeterminate QUESTION 7 A per-unit government subsidy to producers of a good tends to O shift the supply curve to the left. O not have any effect on the goods supply. ⓔ increase the supply of the good. O reduce the supply of the good. QUESTION 8 4 p A point outside a production possibilities curve indicates O that resources are being used very efficiently O an output combination that society cannot attain given its current level of resources and technology O that both goods are characterized by increasing costs. O that resources are not being used efficiently
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