Yes, the answer is correct. For the price to decrease and the quantity to be remained there has to be a decrease in the demand and increase in the supply. The decrease in demand is the leftward shift of the demand curve and an increase in the supply is a rightward shift of the supply curve. When this happens the price will decrease and the quantity will remain the same. This is illustrated with the below figure.
Ans: Supply
increase; Demand decrease.
The following graph shows the market for cars in 2010. Between 2010 and 2011, the equilibrium...
The following graph shows the market for cars in 2010 . Between 2010 and 2011, the equilibrium price of cars remained constant, but the equilibrium quantity of cars decreased. From this, you can conclude that between 2010 and 2011, the supply of cars _______ and the demand for cars _______ .Adjust the graph to illustrate your answer by showing the positions of the supply and demand curves in 2011.Note: Select and drag one or both of the curves to the...
The following graph shows the market for cars in 2008. Between 2008 and 2009, the equilibrium price of cars remained constant, but the equilibrium quantity of cars decreased. From this, you can conclude that between 2008 and 2009, the supply of cars _______ and the demand for cars _______ .Adjust the graph to illustrate your answer by showing the positions of the supply and demand curves in 2009. Note: Select and drag one or both of the curves to the desired...
8. A supply and demand puzzle The following graph shows the market for roses in 2010. Between 2010 and 2011, the equilibrium quantity of roses remained constant, but the equilibrium price of roses increased. From this, you can conclude that between 2010 and 2011, the supply of roses _______ and the demand for roses _______ .Adjust the graph to illustrate your answer by showing the positions of the supply and demand curves in 2011. Note: Select and drag one or both of...
Is this right?
14. A supply and demand puzzle The following graph shows the market for roses in 2010. Between 2010 and 2011, the equilibrium quantity of roses remained constant, but the equilibrium price of roses decreased. From this, you can conclude that between 2010 and 2011, the supply of roses was unchanged and the demand for roses increased Adjust the graph to illustrate your answer by showing the positions of the supply and demand curves in 2011. Note: Select...
The following graph shows the market for roses in 2007. Between 2007 and 2008, the equilibrium quantity of roses remained constant, but the equilibrium price of roses increased. From this, you can conclude that between 2007 and 2008, the supply of roses and the demand for roses decreased increased Adjust the graph to illustrate your answer by showing the positions of the supply and demand curves in 2008. was unchanged Ind it snaps back Note: Select and drag one or...
A supply and demand puzzleThe following graph shows the market for roses in 2007 . Between 2007 and 2008 , the equilibrium quantity of roses remained constant, but the equilibrium price of roses decreased. From this, you can conclude that between 2007 and 2008 , the supply of roses _______ and the demand for roses _______ Adjust the graph to Illustrate your answer by showing the positions of the supply and demand curves in 2008 .Note: Select and drag one or...
A supply and demand puzzleThe following graph shows the market for laptops in 2007 . Between 2007 and 2008, the equilibrium price of laptops remained constant, but the equilibrium quantity of laptops increased. From this, you can conclude that between 2007 and 2008, the supply of laptops _______ and the demand for laptops _______ Adjust the graph to illustrate your answer by showing the positions of the supply and demand curves in 2008 .Note: Select and drag one or both of...
The following graph shows the market for pianos in 2010 . Between 2010 and 2011, the equilibrium price of pianos remained constant, but the equilibrium quantity of pianos decreased. From this, you can conclude that between 2010 and 2011, the supply of pianos decreased _______ and the demand for pianos _______.Adjust the graph to illustrate your answer by showing the positions of the supply and demand curves in 2011 .
Problem #1
14. A supply and demand puzzle The following graph shows the market for roses in 2007. Between 2007 and 2008, the equilibrium quantity of roses remained constant, but the equilibrium price of roses increased. From this, you can conclude that between 2007 and 2008, the supply of roses demand for roses and the Adjust the graph to illustrate your answer by showing the positions of the supply and demand curves in 2008. Note: Select and drag one or...
14. A supply and demand puzzle The following graph shows the market for cars in 2007. Between 2007 and 2008, the equilibrium price of quantity of cars increased. From this, you can conclude that between 2007 and 2008, the supply of cars _______ and the demand for cars _______ .Adjust the graph to illustrate your answer by showing the positions of the supply and demand curves in 2008.