Decrement of supply and demand for a good

When both supply and demand for a good reduce, this is certain that: (w) market price will rise. (x) equilibrium quantity will reduce. (y) quality of the good will decline. (z) level of consumer satisfaction will increase.

I need a good answer on the topic of Economic problems. Please give me your suggestion for the same by using above options.

View Complete Question

Related Questions in Managerial Economics

Q : Significant causes giving birth to

What are the significant causes of business cycle to give birth?

Q : Which progress illustration was Pilgrims

Agricultural productivity within Massachusetts Bay Colony increased while Native Americans showed Pilgrims how crops grow faster and better when rotten fish are dropped in along with newly-planted seeds. This new knowledge for the Pilgrims was an illustration of: (1)

Q : Differentiates between short run and

Differentiates between short run and long run costs?

Q : Government and Labor Assume that male

Assume that male nurses are paid more than female nurses for same work. When an “equal pay for equal work” law is enforced and enacted, it may: (w) decrease the wages of male nurses. (x) not influence the wages of female nurses. (y) increa

Q : What did professor Hidbon illustrates

What did professor Hidbon illustrates about Demand?

Q : What are the important areas of

What are the important areas of decision-making?

Q : Pure economic rents Pure economic rents

Pure economic rents for different parcels of land do not reflect differences within their: (1) marginal productivities. (2) fertility. (3) quantities of valuable minerals and ores. (4) amounts of capital improvements. (5) relative capability to reduce

Q : Spencer and Sieglemans definition of

What is Spencer and Siegleman’s definition of Managerial economics?

Q : Determined equilibrium wage from the

Within a purely competitive labor market, there the firm: (w) sets the wage that the household should accept. (x) should accept the wage demanded by the household. (y) and household arrive at the wage by bargaining. (z) and household should take the e

Q : Profit price by earning in Human capital

As per demonstrated in this graph, there average college graduate will earn around: (1) $12,000 yearly. (2) $20,000 yearly. (3) $45,000 yearly. (4) $90,000 yearly. (5) $100,000 yearly.

Discover Q & A

Leading Solution Library

Avail More Than 1428538 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1943268
Asked

3,689

Active Tutors

1428538

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment