Homework Answers
Option 1. Price falls and quantity decreases
Explanation: When demand decreases, the demand curve shifts to the left. Now, if the supply curve remains fixed in that case, the new intersection point of demand and supply curves would be towards at a lower point and towards left. So, both the price and quantity would fall.
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When demand decreases (shifts to the left) and supply doesn't change, which of the following changes occur to the equi...
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D Question 19 0.1 pts When supply shifts to the right and demand stays constant, the...
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Which curve shifts and in which direction when the following events occur in the tax accounting...
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QUESTION 36 If the producers of cotton shirts face higher cotton prices, which of the following...
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QUESTION 23 Which of the following shifts aggregate demand to the left? a. The price level...
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An increase in the demand for sports cars and an increase in the supply of sports...
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A shift in the demand curve will occur when OA, supply shifts. B. consumers' income changes....
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D Question 19 0.1 pts When supply shifts to the right and demand stays constant, the equilibrium price: increases and the equilibrium quantity decreases. increases and the equilibrium quantity increases, decreases and the equilibrium quantity decreases. decreases and the equilibrium quantity increases. stays the same and the equilibrium quantity increases. Question 20 0.1 pts If the price of a good increases, holding all else constant, o the demand for all of that good's substitutes will decrease. the quantity demanded for...
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An increase in the demand for sports cars and an increase in the supply of sports cars occur together. What is the effect on the price and quantity of sports cars? create a surplus or a shortage of An increase in the demand for sports cars together with an increase in the supply of sports cars_ sports cars at the original price. The equilibrium price of sports cars O A. will not; will not change O B. might; will rise...
A shift in the demand curve will occur when OA, supply shifts. B. consumers' income changes. O C. the price of an input used to produce the good changes 0 D. the price of the product changes.
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