Assignment Help - homework help

Effect of change on equilibrium price-equilibrium quantity

How will each of the changes in demand and/or supply influence equilibrium price and equilibrium quantity in a competitive market; i.e. do price and quantity increase, fall, remain unchanged, or are the answers indeterminate since they depend on the magnitudes of the shifts? Employ supply & demand diagrams to confirm your answers.

a.            Supply fall & demand is constant.

b.            Demand reduces & supply is constant.

c.            Supply rise & demand is constant.

d.            Demand rise and supply rise.

e.            Demand rise and supply is constant.

f.            Supply rise and demand decreases.

g.            Demand increases and supply fall.

h.            Demand fall and supply rise.

E

Expert

Verified

a. Price increase; quantity decrease;
b. Price decrease; quantity decrease;
c. Price decrease; quantity increase;
d. Price indeterminate; quantity increase;
e. Price increase; quantity increase;
f. Price decrease; quantity indeterminate;
g. Price increase, quantity indeterminate;
h. Price indeterminate and quantity decrease.

 

   Related Questions in Finance Basics

  • Q : Question-total level of employment and

    Normal 0 false false

  • Q : What is Workload Budget Adjustment

    Workload Budget Adjustment: Any adjustment to the presently authorized budget obligatory to maintain the level of service needed to fund a Workload Budget, as stated in the Government Code Section 13308.05. A workload budget adjustment is as well term

    		•
  • Q : Explain Fiscal Committees Fiscal

    Fiscal Committees: The committees of members in every house of the Legislature which review the fiscal impact of proposed legislation, comprising the Budget Bill. Presently, the fiscal committees comprise the Senate Budget and Fiscal

    		•
  • Q : The official unemployment rate Normal 0

    Normal 0 false false

    		•
  • Q : Describe utilization of a risk-adjusted

    Describe how utilizing a risk-adjusted discount rate develop capital budgeting decision making compared to utilizing a single discount rate for all projects? The risk-adjusted discount rate develop capital budgeting decision making compared to t

    		•
  • Q : Explain euro Normal 0 false false false

    Normal 0 false false

  • Q : Decision rule using internal rate of

    Describe decision rule for accepting or rejecting proposed projects while using internal rate of return? Whenever the internal rate of return is greater than or equal to the required rate of return, the hurdle rate, the project is accepted. Whi

    		•
  • Q : What is FERA FERA stands for The

    FERA stands for The Federal Emergency Relief Administration. The program was renamed as a direct relief operation in Roosevelt Administration. It was a form of an unemployment insurance.

    		•
  • Q : Four supply factors of economic growth

    Normal 0 false false

  • Q : What is Fiscal Year Fiscal Year (FY):

    Fiscal Year (FY): Twelve-month periods throughout which income is earned and received, compulsions are incurred, encumbrances are prepared, appropriations are expended, and for which the other fiscal transactions are recorded. In Cali

    		•
Home | Company Overview | Services | Discover Q&A | Sitemap | Contact Us | T & C | Refund Policy | Copyright Policy | Blog | Q&A | Directory

©TutorsGlobe All rights reserved 2022-2023.