1.When the price of ground beef increases and all else is held constant, we would expect the supply of hamburgers tocausing the price toGroup of answer choicesstay the same; stay the sameincrease; decreasedecease; decreaseincrease; increasedecrease; increaseWhen firms in a market expect the price of their products to rise, the supply curve of their goodsequilibrium price to2.causing theGroup of answer choicesincreases; rise and the equilibrium quantity to falldecreases; riseincreases, fall.decreases; fallincreases; rise3.The change in an equilibrium value is sometimes indeterminate due to the fact thatGroup of answer choicessupply always shifts less than demand.both supply and demand may increase or decrease by equal amounts.both supply and demand may not change.it is possible for demand to increase or decrease more than supply increases or decreases.demand always shifts less than supply.

Multiple questions posted, answered as per guidlines.

1. When the price of ground beef increases and all else is held constant, we would expect the supply of hamburgers to causing the price to Group of answer choices stay the same; stay the same increase; decrease decease; decrease increase; increase decrease; increase 2. When firms in a market expect the price of their products to rise, the supply curve of their goods causing the equilibrium price to Group of answer choices increases: rise and the equilibrium guantity to fall

1. When the price of ground beef increases and all else is held constant, we would expect the supply of hamburgers to causing the price to Group of answer choices stay the same; stay the same increase; decrease decease; decrease increase; increase decrease; increase 2. When firms in a market expect the price of their products to rise, the supply curve of their goods causing the equilibrium price to Group of answer choices increases: rise and the equilibrium guantity to fall

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter4: The Market Forces Of Supply And Demand

Section: Chapter Questions

Problem 10PA

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