Homework Answers
1. Increase As the price of raw material will decrease the producer would be able to produce more by purchasing more raw material with the same amount of money.
2. Stay the same There is no change in the price of the chocolate for the consumer. So, there is no effect on the demand for chocolate. It stays the same.
3. Decrease As the supply for the dark chocolate increases the supply curve shifts to the rightward, and then the new equilibrium will be formed where the new price is lesser than the old one.
4. Increase As the supply for the dark chocolate increases the supply curve shifts to the rightward, and then the new equilibrium will be formed where the new quantity demanded is more than the old quantity.
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Question 8 3 pts The price of raw materials used to produce dark chocolate decreases. What...
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
If demand decreases and supply increases, what happens to price and market quantity? Price definitely decreases...
If demand decreases and supply increases, what happens to price and market quantity? Price definitely decreases while market quantity definitely increases due to the supply increase. The demand decrease counteracts the supply increase leading to no change in either price or market quantity. Market quantity definitely decreases while the impact on price is ambiguous. Price definitely decreases while the impact on market quantity is ambiguous. « Previous Next → 27 MacBook Air
1. What will happen to the equilibrium quantity and price of a product in a competitive...
1. What will happen to the equilibrium quantity and price of a product in a competitive market when the increase in demand exactly offsets the decrease in supply? A)Equilibrium quantity will increase and equilibrium price will decrease B)Equilibrium quantity will decrease and equilibrium price will increase C)Equilibrium quantity will increase and equilibrium price will stay the same D)Equilibrium quantity will stay the same and equilibrium price will increase 2. Which statement is not correct? A)If demand increases and supply decreases,...
Please help with these questions, Question 5 0.16 pts When firms in a market expect the...
Please help with these questions,
Question 5 0.16 pts When firms in a market expect the price of their products to rise, the supply curve of their goods causing the equilibrium price to O decreases; rise increases; rise and the equilibrium quantity to fall decreases; fall increases; fall O increases; rise Question 6 0.16 pts Taxes cause the equilibrium price of a good to Ogo up only for producers. O decrease O go down only for consumers O increase. remain...
please answer Question 4 2.6 pts Assuming Demand is downward sloping and Supply is upward sloping...
please answer
Question 4 2.6 pts Assuming Demand is downward sloping and Supply is upward sloping (as we usually do), what happens to equilibrium price (P) and quantity (Q) of a good when Demand decreases? P and Q should not change P increases; Q increases P increases; Q decreases. P decreases, decreases. P decreases; Q increases. Question 5 2.6 pts Suppose that the supply of Blu Ray players decreases (i.e., shifts to the left). Using our standard supply and demand...
3. Draw a supply and demand diagram. Label each axis, the demand curve, the supply curve,...
3. Draw a supply and demand diagram. Label each axis, the demand curve, the supply curve, and the equilibrium price and quantity a. Show the impact of an increase in supply. Label the new curve, the new equilibrium price, and the new equilibrium quantity b. Did the equilibrium price increase, decrease, or stay the same? c. Did the equilibrium quantity increase, decrease, or stay the same? 4. Draw a supply and demand diagram. Label each axis, the demand curve, the...
3. Suppose that the supply of Blu Ray players decreases (i.e., shifts to the left). Using...
3. Suppose that the supply of Blu Ray players decreases (i.e., shifts to the left). Using our standard supply and demand analysis (i.e., supply is upward sloping and demand is downward sloping, and price adjusts to keep the market in equilibrium), what will happen to the equilibrium price, Pe , and quantity, Qe? a. Pe will decrease, and Qe will decrease. b. Pe will decrease, and Qe will increase. c. Pe will increase, and Qe will increase. d. Pe will...
Suppose that demand decreases AND supply increases. What would you expect to occur in the market...
Suppose that demand decreases AND supply increases. What would you expect to occur in the market for the good? Equilibrium price would increase, but the impact on equilibrium quantity would be ambiguous. O Equilibrium quantity would increase, but the impact on equilibrium price would be ambiguous. Equilibrium quantity would decrease, but the impact on equilibrium price would be ambiguous. Equilibrium price would decrease, but the impact on equilibrium quantity 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...
21. When demand increases and supply decreases in a market at the same time, you can accurately predict their effec...
21. When demand increases and supply decreases in a market at the same time, you can accurately predict their effect on a. equilibrium quantity only. b. equilibrium price only.. c. both equilibrium price and quantity. d. neither one, life is so unpredictable. 22. Equilibrium price must decrease if: a. demand increases and supply increases b. demand increases and supply decreases c. demand decreases and supply decreases d. demand decreases and supply increases 23. Equilibrium price must increase if: a. demand...
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
If demand decreases and supply increases, what happens to price and market quantity? Price definitely decreases while market quantity definitely increases due to the supply increase. The demand decrease counteracts the supply increase leading to no change in either price or market quantity. Market quantity definitely decreases while the impact on price is ambiguous. Price definitely decreases while the impact on market quantity is ambiguous. « Previous Next → 27 MacBook Air
Please help with these questions,
Question 5 0.16 pts When firms in a market expect the price of their products to rise, the supply curve of their goods causing the equilibrium price to O decreases; rise increases; rise and the equilibrium quantity to fall decreases; fall increases; fall O increases; rise Question 6 0.16 pts Taxes cause the equilibrium price of a good to Ogo up only for producers. O decrease O go down only for consumers O increase. remain...
please answer
Question 4 2.6 pts Assuming Demand is downward sloping and Supply is upward sloping (as we usually do), what happens to equilibrium price (P) and quantity (Q) of a good when Demand decreases? P and Q should not change P increases; Q increases P increases; Q decreases. P decreases, decreases. P decreases; Q increases. Question 5 2.6 pts Suppose that the supply of Blu Ray players decreases (i.e., shifts to the left). Using our standard supply and demand...
3. Draw a supply and demand diagram. Label each axis, the demand curve, the supply curve, and the equilibrium price and quantity a. Show the impact of an increase in supply. Label the new curve, the new equilibrium price, and the new equilibrium quantity b. Did the equilibrium price increase, decrease, or stay the same? c. Did the equilibrium quantity increase, decrease, or stay the same? 4. Draw a supply and demand diagram. Label each axis, the demand curve, the...
Suppose that demand decreases AND supply increases. What would you expect to occur in the market for the good? Equilibrium price would increase, but the impact on equilibrium quantity would be ambiguous. O Equilibrium quantity would increase, but the impact on equilibrium price would be ambiguous. Equilibrium quantity would decrease, but the impact on equilibrium price would be ambiguous. Equilibrium price would decrease, but the impact on equilibrium quantity 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...
21. When demand increases and supply decreases in a market at the same time, you can accurately predict their effect on a. equilibrium quantity only. b. equilibrium price only.. c. both equilibrium price and quantity. d. neither one, life is so unpredictable. 22. Equilibrium price must decrease if: a. demand increases and supply increases b. demand increases and supply decreases c. demand decreases and supply decreases d. demand decreases and supply increases 23. Equilibrium price must increase if: a. demand...
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