This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Consider a local market for 4-litre containers of windshield-wiper fluid. In January 2022, 100,000 ... (Read 116 times)

curls713

  • Full Member
  • ***
  • Posts: 153
on: Oct 12, 2022
Consider a local market for 4-litre containers of windshield-wiper fluid. In January 2022, 100,000 containers were sold at a price of $3 each. In March 2022, 120,000 containers are sold at a price of $8 each. Does this change in equilibrium price and quantity violate the "law of demand"?
◦ Not necessarily, because the demand curve could have shifted to the right, leading to an increase in equilibrium price and quantity.
◦ Not necessarily, because the demand curve could have shifted to the left, leading to an increase in equilibrium price and quantity.
◦ No, because the "law of demand" is not valid.
◦ Not necessarily, because the supply curve could have shifted to the left, leading to an increase in equilibrium price and quantity.
◦ Not necessarily, because the supply curve could have shifted to the right, leading to an increase in equilibrium price and quantity.
Microeconomics ¦ Ragan ¦ 17th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by curls713 on Oct 12, 2022

spicyzack

  • Full Member
  • ***
  • Posts: 158
Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 35% of students answer this correctly


curls713

  • Member
  • Posts: 153
Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

scikid

  • Member
  • Posts: 300
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Interstitial Fluid Interstitial Fluid
All of the homes in this new neighborhood of Brentwood, California, are for sale, evidence of the co All of the homes in this new neighborhood of Brentwood, California, are for sale, evidence of the co
OSHA regulations require the use of sharps containers to discard used needles. OSHA regulations require the use of sharps containers to discard used needles.
A car wash reduced the price of a basic wash as a promotion and test of the market. With the ... A car wash reduced the price of a basic wash as a promotion and test of the market. With the ...
Humor (Fluid Types) Humor (Fluid Types)
Aphid and High Fluid Pressure Aphid and High Fluid Pressure
Video: Control of ventilation rate by other brain centers (posts, hypothalamus & cerebral cortex)

For a complete list of videos, visit our video library