Explain what it means when the supply of television set rises.explain what it means the quantity supplied of television set rises.Explain how the price of television sets could rise,and yet the supply of television sets not change.

Q: Explain the factors that could shift the demand curve and the supply curve

A: The demand (dd) for a commodity shows the quantity that the consumers desire to purchase at the…

Q: As the price of Oreos rises,  (supply, demand, quantity supplied, quantity demanded) increases and…

A: Let us suppose that the concerned good i.e Oreo is a 'normal good'. If the price of the Oreo rises,…

Q: Explain the difference between an increase in demand (or shift to the right) and a movement down…

A: Demand curve is the curve which shows relationship between price and quantity demand of a good.

Q: What causes changes in demand and quantities demanded?

A: Demand: - Demand is the relationship between the quantity demanded and the price of a good. There is…

Q: Draw a supply and demand curve for peanut butter. The price of jelly rises significantly, what…

A: Complementary Goods:  Complementary goods are those goods which used together. If the price of one…

Q: Demand schedule Price (for Pound) $8.99 $10.99 $13.99 $14.99 Quantity Demanded (cases) 90.0 500 350…

A: At equilibrium level the demand and supply interaction determined the price level . it is determined…

Q: For each case below, explain the effect on the supply and/or demand in the market for bicycles.…

A: Eqm price and quantity are determined by the intersection of dd(demand) and ss(supply) of the…

Q: The law of demand says that  A. The quantity demanded of a product rises when the prices of the…

A: The law of demand says that the price and the quantity demanded of a normal good are inversely…

Q: Distinguish between the change in the quantity supplied and the change in the supply

A:

Q: When economists say the quantity supplied of a product has decreased, they mean the supply curve has…

A: Supply Curve: It is the graphical object showing the relationship between the price of a good and…

Q: Distinguish between an increase in the quantity demanded and an increase in demand?

A: Demand, an economic term, is used to describe one's willingness to get a commodity or service by…

Q: Explain what causes changes in supply and quantities supplied

A: Answer: Introduction: Change in supply: Change in 'supply' takes place due to changes in other…

Q: Which of the following would you expect to cause the supply of bread to decrease? An increase in the…

A: The curve that depicts quantities of goods being supplied by producers at various levels of price is…

Q: What is the difference between a "change in supply" and a "change in quantity supplied?"  Graph your…

A: There is a change in supply when there is a change in any factor other than price of the product. It…

Q: Consider the market for soft drinks. Starting off from the equilibrium price and quantity,…

A: The markets around the world are considered to be one of the most important place, which assists in…

Q: If advances in PC production technology increased the supply of PCs sharply. The demand for PCs will…

A: Here, it is given that there is a technology advancement in PC’s production; therefore, as a result,…

Q: What happens to the supply curve if quantity supplied falls

A: Supply curve is the notation of relationship between price and quantity supplied. It is positively…

Q: Refer to the graph below. A change from Point A to Point D represents:    a. decrease in quantity…

A: The law of supply says that at a higher price the quantity supplied will be higher and a lower price…

Q: draw graphs to illustrate the difference between a decrease in quantity supplied and a decrease in…

A: The figure 1 shows decrease in quantity supplied and a decrease in supply for condominiums

Q: In 2008, the price of corn increased by 35 percent and some cotton farmers in Texas stopped growing…

A: Law of supply states a positive relation between price and quantity supplied.

Q: Ashortage is when there is more demand than there is supply. You can find it by subtracting the…

A: Market Equilibrium when the market  demand is equal to the market supply. In the table, quantity…

Q: Draw a diagram that shows a larger increase in demand than the decrease in supply.

A: Demand is the total quantity demanded by the customers of goods and services in the market.

Q: Could you explain the law of supply to me

A: The law of supply shows a positive relationship between the price and the quantity supplied of a…

Q: What causes a change in the quantity supplied? Graph a supply curve and show a change in quantity…

A: When supply changes with respect to its own price mentioned other factors being ceterus paribus then…

Q: When the price of a haircut goes down, in what direction does the quantity supplied move on the…

A: Change in price will cause movement along the supply curve and it cause. expansion or contraction of…

Q: With the help of diagrams, differentiate between a change in quantity demanded and a change in…

A: The demand curve shows the association between the amounts of commodity demanded by the consumer at…

Q: What happened to the equilibrium price and quantity of Chick-fil-A when Popeyes released their…

A: Equilibrium price: It is the situation where the price and supply of goods match with demand.

Q: Do you agree with the following statement? "An increase in price causes a decrease in demand".…

A: The  соrreсt  орtiоn  is  (аgree). I  аgree  with  the  stаtement  thаt,  Аn  inсreаse  in  рriсe…

Q: Explain by graph the situation when the quantity demanded greater than the quantity supplied in the…

A: Market equilibrium is the situation when the quantity demanded is equal to the quantity supplied.…

Q: Match the relationship between price & quantity supplied with the appropriate place on the supply…

A: In this graph relationship between Price and quantity supplied is direct Positive relation, when the…

Q: Graph the indicated hypothetical movements of demand and supply and state what then happens to both…

A: When talking about shift in demand andd supply and nothing is given about the relative change, it…

Q: Explain whether each of the following statements describes a change in demand or a change in…

A: Demand, in economics, measures the amount of quantity demanded by the consumers at different prices…

Q: When the supply curve shifted, what effect did it have on the quantity supplied at $1.20

A: Supply is defined as the number of services or goods which a producer is willing and able to provide…

Q: Explain the Law of Supply.

A: Supply refers to the volume of goods, services, assets, capital, or resources the producers, service…

Q: What is the Supply Schedule and the Supply curve, and how are they related?

A: Supply is a fundamental concept of economics which describes the total amount of a specific service…

Q: Consider the following events: Scientists reveal that consumption of oranges decreases the risk of…

A: A study showing that eating oranges reduces the risk of diabetes will increase the demand of oranges…

Q: The law of supply states that there is a positive relationship between the price of a good and the…

A: The law of supply states that quantity supplied of a good is positively related with the price of…

Q: What is supply? What are the factors affecting supply of a commodity?

A: In simple words we can say that supply means the actual amount offered for sale per units of the…

Q: The law of supply says that  A. The quantity supplied of a product rises when the prices of the…

A: Supply: It is the total amount of a specific good or service that is available to consumers.

Q: What does the law of supply say about the relationship between price and quantity supplied?

A: Supply refers to the quantity supplied by producer in the market. Supply influences by various…