Question

23 minutes Save Progress Last Saved: 4.50 PM decrease Equilibrium price will decrease but equilibrium quantity will increase. O Equilibfium price and quantity will both decrease. Equilibriym price and quantity will both increase. 48) Ceteris paribuy equilibrium price and quantity would both increase at the same time as a (2 result of an increase in demand. a decrease in supply an jcrease in supply D decrease in demand. one of the other answers 1s orrect If supply and demand BOTH increase at the same time, we can be certain of which of the (2p following? D Equilibrium quantity must D Equilibrium quantity must decrease increase. Equilibrium price must ease. a Equilibrium price must increase. If both buyers and sellers all expect the price of a good to increase in the near future, the immediate effect in the market will be to cause which of the following? 50) G An increase in equilibrium quantity An increase in equilibrium price. A decrease in equilibrium price. A decrease in equilibrium quantity. 3 D U None of the other anewersis

Answer 1

a) both the price and quantity will both increase when the demand increase. the answer is "A", When the demand increase the price and quantity both increase.

b) "B" when the demand and supply both increase the quantity will surely increase.

c) "B" if both the consumer and supplier expect the increase in the price in future then the demand will increase and supply will decrease. it will lead to a higher price in the market.