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Author Question: Given a positively sloped supply curve, a rise in the demand for that commodity causes (Read 64 times)

haydenjmcm

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on: Oct 12, 2022

Question 1

The quantity exchanged in the market will be below the equilibrium quantity
◦ if there is either excess supply or demand.
◦ only if there is excess demand.
◦ only if there is excess supply.
◦ in no imaginable situation.
◦ only if price is below the equilibrium price.

Question 2

Given a positively sloped supply curve, a rise in the demand for that commodity causes
◦ a decrease in the equilibrium price and an increase in the equilibrium quantity exchanged.
◦ an increase in both the equilibrium price and the equilibrium quantity exchanged.
◦ a decrease in both the equilibrium price and the equilibrium quantity exchanged.
◦ a shortage of other goods.
◦ a fall in sales of that commodity.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by haydenjmcm on Oct 12, 2022

xinyiff

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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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haydenjmcm

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

Missbam101

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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