A rightward shift of the market demand curve for MP3 players, ceteris paribus, causes equilibrium
Group of answer choices
a Price to increase and equilibrium quantity to decrease.
b Price to increase and equilibrium quantity to increase.
c Price to decrease and equilibrium quantity to decrease.
d Price to decrease and equilibrium quantity to increase.
The answer is option b- Price to increase and equilibrium quantity to increase.
A rightward shift of the market demand curve for MP3 players, ceteris paribus, causes equilibrium price to increase and equilibrium quantity to increase.
A rightward shift of the market demand curve for MP3 players, ceteris paribus, causes equilibrium Group...
Assume that both the demand curve and supply curve for mp3 players shift to the night but yhe demand curve shiftsmore than the supply curve. as a result a. the equilibrium price of mp3 players will decrease, the equilbrium quantity may increase or decrease b. the equilibrium price of mp3 players may increase or decrease, the equilbrium quanity will increase c. both the equilibrium price and quantity of mp3 players will increase
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Assuming ceteris paribus, a decrease in consumer expenditure will result in Group of answer choices a rightward shift of the aggregate supply curve. an increase in the MPS. an increase in taxes. a leftward shift of the aggregate demand curve.
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