« previous next »

Author Question: If the market supply increases and, simultaneously, market demand decreases, the new equilibrium ... (Read 94 times)

Deast7027

  • Hero Member
  • *****
  • Posts: 538
on: Jun 30, 2018
If the market supply increases and, simultaneously, market demand decreases, the new equilibrium will show:
 a. market price will decrease, and market quantity exchanged could increase, decrease, or remain unchanged.
  b. market price will increase, and market quantity exchanged will decrease.
  c. market price will increase, and the quantity exchanged could increase, decrease, or remain the same.
  d. market price could increase, decrease, or remain the same, and quantity exchanged will increase.
  e. market price will increase, decrease, or remain the same, and quantity exchanged will decrease.

Question 2

If market supply decreases and, simultaneously, market demand increases, the new equilibrium will show:
 a. market price will decrease, and market quantity exchanged will increase.
  b. market price will increase, and market quantity exchanged will decrease.
  c. market price will increase, and the quantity exchanged could increase, decrease, or remain the same.
  d. market price could increase, decrease, or remain the same, and quantity exchanged will increase.
  e. market price will increase, decrease, or remain the same, and quantity exchanged will decrease.


missalyssa26

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Vapour-liquid equilibrium acetone + water Vapour-liquid equilibrium acetone + water
Chemical equilibrium and the law of mass action. Chemical equilibrium and the law of mass action.
The population of Asia increases rapidly, the demand for food and water is also growing The population of Asia increases rapidly, the demand for food and water is also growing
An antique painting is purchased in 1980 for $995. The value increases by 3.1% e An antique painting is purchased in 1980 for $995. The value increases by 3.1% e
An 80-g aluminum calorimeter contains 380 g of water at an equilibrium temperature of A piece ... An 80-g aluminum calorimeter contains 380 g of water at an equilibrium temperature of A piece ...
The Hardy–Weinberg equilibrium for two autosomal alleles. The Hardy–Weinberg equilibrium for two autosomal alleles.
Video: Condensation and Hydrolysis Animation

For a complete list of videos, visit our video library