AP Macroeconomics 1.6.3: Marginal Decisions
Use marginal revenue and marginal cost to select an optimal output and explain short-run decisions.
- Syllabus
- Effective Fall 2025
- Course
- AP Macroeconomics
MKT-2.G—Explain (using graphs as appropriate) how changes in demand and supply affect equilibrium price and equilibrium quantity question 1
[Maximum number: 1]
Assume that the market for bottled water is in equilibrium. If both the supply of and the demand for bottled water decrease, what will be the effect on equilibrium price and quantity?
Price
Quantity
Decrease
Decrease
Decrease
Increase
Increase
Decrease
Increase
Indeterminate
Indeterminate
Decrease
E
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