Today, a surprising number of countries call their goverments communist (surprising to me because I didn't know)
-Cuba
- People's Republic of China
-North Korea (which has a specific bland of communism)
-Vietnam
-Laos
Can you choose multiple ones or is it only one you may choose ?
A decrease in demand and an increase in supply will cause a fall in equilibrium price, but the effect on equilibrium quantity cannot be determined. 1. For any quantity, consumers now place a lower value on the good, and producers are willing to accept a lower price; therefore, price will fall.
