Ask a New Question

Question

suppose that demand increase by 10% and supply increase by 50%. what would you expect to occur in the market for the good?
14 years ago

Answers

Ms. Sue
The price would decrease.

14 years ago

Related Questions

an increase in aggregate demand when the economy is isolating in high levels of output will result i... Suppose that the demand for oranges increases. Carefully explain how the rationing function of pric... An increase in the demand for good A will increase the equilibrium quantity of good A and leave the... An increase in the demand for good A will increase the equilibrium quantity of good A and leave the... Suppose the demand equation is given by P=12-2Q and the supply equation is given by P=2+3Q. If the q... With an increase in demand, total surplus will __________. Decrease. Stay the same. Change... Suppose that the demand and supply for artificial Christmas trees is given by the functions below wh... An increase in aggregate demand, assuming constant aggregate supply, will result in Blank______ infl... Suppose that the demand for hot dogs decreases and prices are flexible. What will firms that produce... An increase in demand for a good related to an increase in income is characteristic of a(n) _____ go...
Ask a New Question
Archives Contact Us Privacy Policy Terms of Use