Homework Answers
When the demand increase it will increase the price but when the supply increase it will decrease the price, whereas both of them will lead to a higher quantity.
the answer is "D" an increase in supply and demand.
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D Question 25 1 pts Which of the following would result in an increase in equilibrium...
Question 24 1 pts Suppose that demand decreases AND supply decreases. What would you expect to...
Question 24 1 pts Suppose that demand decreases AND supply decreases. What would you expect to occur in the market for the good? O Both equilibrium price and equilibrium quantity would increase. Equilibrium price would increase, but the impact on equilibrium quantity would be ambiguous. Equilibrium price would decrease, but the impact on equilibrium quantity would be ambiguous. Equilibrium quantity would decrease, but the impact on equilibrium price would be ambiguous
Question 4 (10 points) Which of the following events is expected to cause the equilibrium quantity...
Question 4 (10 points) Which of the following events is expected to cause the equilibrium quantity to rise? demand increases and supply decreases demand and supply both decrease demand decreases and supply increases demand and supply both increase Question 6 (10 points) Suppose that the demand decreased for 4K TVs and, at the same time, the supply of 4K TVs increased. What would happen in the market of 4K TVs? Equilibrium price would decrease, but the impact on the equilibrium...
Which of the following would cause an increase in the equilibrium price and an increase in...
Which of the following would cause an increase in the equilibrium price and an increase in the equilibrium quantity of watermelons? a. a decrease in demand and an increase in supply b. an increase in demand in demand and an increase in supply c. an increase in supply and an increase in demand greater than the increase in supply d.. an increase in supply
Please help with these four questions, Question 1 0.16 pts The change in equilibrium shown in...
Please help with these four questions,
Question 1 0.16 pts The change in equilibrium shown in the accompanying figure would be explained by a(n) price ofa in the price of an input and a(n) in the increase; increase; complement decrease; increase; substitute increase; increase; substitute increase; decrease; complement decrease; increase; complement Question 2 0.16 pts When people move to an area of the world that was previously unpopulated, we expect more consumers and more producers to spring up in that...
Which of the following cases will result in the largest decrease in equilibrium price?
Which of the following cases will result in the largest decrease in equilibrium price? The largest change in equilibrium quantity? Verify your answers by drawing graphs. a. Demand is highly inelastic; there is a relatively large increase in supply b. Demand is highly elastic; there is a relatively small increase in supply. c. Supply is highly inelastic: there is a relatively small decrease in demand. d. Supply is highly elastic and demand is very inelastic; there is a relatively large increase in supply
Question 17 0.25 pts 17. If both supply and demand increase, will increase, and is unclear....
Question 17 0.25 pts 17. If both supply and demand increase, will increase, and is unclear. O a. price; quantity O b.supply; quantity O c.quantity; price O d. quantity; supply Question 18 0.25 pts 18. Lower resource cost will cause price to decrease. O True O False oo Question 19 0.25 pts 19. Turkey and chicken are substitutes. The price of turkey falls. As a result, we expect the price of chicken to increase. O True O False Question 20...
Question 4 1 pts Which chain of events is correct? An increase in demand causes a...
Question 4 1 pts Which chain of events is correct? An increase in demand causes a shortage to occur at the original price, which leads to an increase in equilibrium price and equilibrium quantity. O no change in the market outcome. surplus to occur at the original price, which leads to an increase in equilibrium price and equilibrium quantity. shortage to occur at the original price, which leads to a decrease in equilibrium price and equilibrium quantity.
Question 5 1 pts If the demand for a product increases, then we would expect equilibrium...
Question 5 1 pts If the demand for a product increases, then we would expect equilibrium price 1. tincrease and equilibrium quantity to decrease. 2. to decrease and equilibrium quantity to increase. 3. and equilibrium quantity both to increase. 4. and equilibrium quantity both to decrease. to increase and equilibrium quantity to decrease. to decrease and equilibrium quantity to increase. and equilibrium quantity both to increase. o and equilibrium quantity both to decrease.
Question 2 (1 point) A decrease in supply shifts the supply curve to the left. True...
Question 2 (1 point) A decrease in supply shifts the supply curve to the left. True False Question 4 (1 point) The equilibrium price is the same as the market-clearing price. True False Question 5 (1 point) When the market price is above the equilibrium price, the quantity of the good demanded exceeds the quantity supplied. True False Question 6 (1 point) Which of the following events must cause equilibrium price to fall? a) demand increases and supply decreases b)...
Question 40 An increase in the supply of gasoline, ceteris paribus, will cause equilibrium price: To...
Question 40 An increase in the supply of gasoline, ceteris paribus, will cause equilibrium price: To rise and quantity to fall. To fall and quantity to rise. And quantity to rise. And quantity to fall Question 41 Assume two goods are substitutes. Ceteris paribus, a decrease in the price of one good will cause the equilibrium price of the other good to: Increase and the equilibrium quantity of the other good to increase Increase and the equilibrium quantity of the...
Question 24 1 pts Suppose that demand decreases AND supply decreases. What would you expect to occur in the market for the good? O Both equilibrium price and equilibrium quantity would increase. Equilibrium price would increase, but the impact on equilibrium quantity would be ambiguous. Equilibrium price would decrease, but the impact on equilibrium quantity would be ambiguous. Equilibrium quantity would decrease, but the impact on equilibrium price would be ambiguous
Question 4 (10 points) Which of the following events is expected to cause the equilibrium quantity to rise? demand increases and supply decreases demand and supply both decrease demand decreases and supply increases demand and supply both increase Question 6 (10 points) Suppose that the demand decreased for 4K TVs and, at the same time, the supply of 4K TVs increased. What would happen in the market of 4K TVs? Equilibrium price would decrease, but the impact on the equilibrium...
Please help with these four questions,
Question 1 0.16 pts The change in equilibrium shown in the accompanying figure would be explained by a(n) price ofa in the price of an input and a(n) in the increase; increase; complement decrease; increase; substitute increase; increase; substitute increase; decrease; complement decrease; increase; complement Question 2 0.16 pts When people move to an area of the world that was previously unpopulated, we expect more consumers and more producers to spring up in that...
Question 17 0.25 pts 17. If both supply and demand increase, will increase, and is unclear. O a. price; quantity O b.supply; quantity O c.quantity; price O d. quantity; supply Question 18 0.25 pts 18. Lower resource cost will cause price to decrease. O True O False oo Question 19 0.25 pts 19. Turkey and chicken are substitutes. The price of turkey falls. As a result, we expect the price of chicken to increase. O True O False Question 20...
Question 4 1 pts Which chain of events is correct? An increase in demand causes a shortage to occur at the original price, which leads to an increase in equilibrium price and equilibrium quantity. O no change in the market outcome. surplus to occur at the original price, which leads to an increase in equilibrium price and equilibrium quantity. shortage to occur at the original price, which leads to a decrease in equilibrium price and equilibrium quantity.
Question 5 1 pts If the demand for a product increases, then we would expect equilibrium price 1. tincrease and equilibrium quantity to decrease. 2. to decrease and equilibrium quantity to increase. 3. and equilibrium quantity both to increase. 4. and equilibrium quantity both to decrease. to increase and equilibrium quantity to decrease. to decrease and equilibrium quantity to increase. and equilibrium quantity both to increase. o and equilibrium quantity both to decrease.
Question 2 (1 point) A decrease in supply shifts the supply curve to the left. True False Question 4 (1 point) The equilibrium price is the same as the market-clearing price. True False Question 5 (1 point) When the market price is above the equilibrium price, the quantity of the good demanded exceeds the quantity supplied. True False Question 6 (1 point) Which of the following events must cause equilibrium price to fall? a) demand increases and supply decreases b)...
Question 40 An increase in the supply of gasoline, ceteris paribus, will cause equilibrium price: To rise and quantity to fall. To fall and quantity to rise. And quantity to rise. And quantity to fall Question 41 Assume two goods are substitutes. Ceteris paribus, a decrease in the price of one good will cause the equilibrium price of the other good to: Increase and the equilibrium quantity of the other good to increase Increase and the equilibrium quantity of the...
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