What will happen to the equilibrium price and quantity in a market, if more buyers enter the market and also the prices of inputs decrease? O Equilibrium quantity would decrease, but the impact on equilibrium price would be ambiguous. Equilibrium price would increase, but the impact on equilibrium quantity would be ambiguous. O Equilibrium price would decrease, but the impact on equilibrium quantity would be ambiguous. O Equilibrium quantity would increase, but the impact on equilibrium price would be ambiguous.

Several advertisements announce that the price of hand sanitizer will be decreasing next month. At the same time, the price of rubbing alcohol, an ingredient used to make hand sanitizer has decreased. Given these two effects, what can we say about the current equilibrium price and quantity of hand sanitizer? → a. Equilibrium price will increase, equilibrium quantity will decrease. O b. Equilibrium quantity will decrease; the effect on price is ambiguous. O c. Equilibrium quantity will increase; the effect on price is ambiguous. O d. Equilibrium price will decrease; the effect on quantity is ambiguous.

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A change in "demand" of a good is caused by demanded" of a good is caused by a change in "quantity O a change in the price of the good; a change in the price of a complement. O a price ceiling; a change in the price of the good. O a change in the price of a substitute; a change in the price of the good. O a change in the price of a complement; a change in the price of a substitute.