Answer Happy

A decrease in the price of hogs (used to make ham), ceteris paribus, would affect the consumer market for ham by O A increasing the equilibrium price but decreasing the equilibrium quantity of ham. B. increasing the equilibrium price and quantity of ham. O C. decreasing the equilibrium price but increasing the equilibrium quantity of ham. D. decreasing the equilibrium price and quantity of ham.
Regarding the circular-flow model, which of following is true? O A. The factors of production are owned (supplied) by firms. B. If Mary works for Ford and receives a paycheck, the transaction takes place in the market for factors of production. OC. The purchase of goods and services flows from firms to households. O D. All of the above answers are true. E. None of these answers are true.