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Author Question: Suppose that it is observed that the price of a commodity rises and that the quantity sold falls. ... (Read 84 times)

tfester

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on: May 25, 2020
Suppose that it is observed that the price of a commodity rises and that the quantity sold falls. From this we can deduce
◦ that the demand curve has shifted to the right, but we cannot deduce whether or not the supply curve has shifted.
◦ that the demand curve has shifted to the left, but we cannot deduce whether or not the supply curve has shifted.
◦ that the supply curve has shifted to the left, but we cannot deduce whether or not the demand curve has shifted.
◦ that the supply curve has shifted to the right, but we cannot deduce whether or not the demand curve has shifted.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by tfester on May 25, 2020

momolu

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Reply #1 on: May 25, 2020
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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tfester

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Reply 2 on: May 25, 2020
YES! Correct, THANKS for helping me on my review

LVPMS

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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