1. Using the six figures above, identify whether the demand or supply curve will witness changes giving the below circumstances: 2. Also explain whether the demand or supply curve will shift to the right or left, or move up or down a. a rise in the price of perfumes b. There is an increase in the number of buyers c. A decrease in the number of sellers of laptops d. A fall in the price of a substitute good e. you are planning to buy a sofa, and the cashier informs you that there is a grand sale next month. Your current action will be ..... f. as a tailor, an fall in the price of fabric will lead to g. government sets price ceiling above the equilibrium price, will lead to...

1. Using the six figures above, identify whether the demand or supply curve will witness changes giving the below circumstances: 2. Also explain whether the demand or supply curve will shift to the right or left, or move up or down a. a rise in the price of perfumes b. There is an increase in the number of buyers c. A decrease in the number of sellers of laptops d. A fall in the price of a substitute good e. you are planning to buy a sofa, and the cashier informs you that there is a grand sale next month. Your current action will be ..... f. as a tailor, an fall in the price of fabric will lead to g. government sets price ceiling above the equilibrium price, will lead to...

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter4: Labor And Financial Markets

Section: Chapter Questions

Problem 24CTQ: Suppose the U.S. economy began to grow more rapidly than other counties in the world. What would be...

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