Consider the market for wood burning stoves, if there is a decrease in the price of electricity and natural gas. Change in market equilibrium price: Increase Decrease Did not Change Indeterminate Change in market equilibrium quantity: Increase Decrease Din not change

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter5: Markets In Motion And Price Controls
Section: Chapter Questions
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Consider the market for wood burning stoves, if there is a decrease in the price of electricity and natural gas.

Change in market equilibrium price:
 
Increase
Decrease
Did not Change
Indeterminate
 
Change in market equilibrium quantity:
 
Increase
Decrease
Din not change
Indeteminate
 
Change in Demand:
 
Increase
Decrease
Din not change
Indeteminate
 
Change in Supply:
 
Increase
Decrease
Din not change
Indeteminate
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