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Author Question: Consider a local market for 4-litre containers of windshield-wiper fluid. In January 2022, 100,000 ... (Read 123 times)

curls713

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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
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Marked as best answer by curls713 on Oct 12, 2022

spicyzack

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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.
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curls713

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

emsimon14

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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