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Social Science Clinic => Business => Topic started by: penza on Mar 15, 2019

Title: Let D= demand, S= supply, P= equilibrium price, Q= equilibrium quantity. What happens in the market ...
Post by: penza on Mar 15, 2019

Let 
D = demand, 
S = supply, 
P = equilibrium price, 
Q = equilibrium quantity. What happens in the market for solar panels if the government offers tax breaks to encourage manufacturers to produce more solar panels?

◦ D increases, 
S no change, 
P and 
Q increase
◦ S increases, 
D no change, 
P decreases, 
Q increases
◦ D and 
S increase, 
P and 
Q decrease
◦ D no change, 
S increases, 
P decreases, 
Q decreases

Title: Let D= demand, S= supply, P= equilibrium price, Q= equilibrium quantity. What happens in the market ...
Post by: katheyjon on Mar 15, 2019

S increases, 
D no change, 
P decreases, 
Q increases