I S16 Di are the original supply anddemand curves, what happens to theIf S1& D1 are the original supply anddemand curves, what happens to theequilibrium price if supply shifts andequilibrium price if demand shifts andincreases to D2 while supply remains thesame?increases to S2 while demand remains thesame?It increasesIt increasesIt decreasesIt decreasesIt stays the sameIt remains the same*S16 D1 are the original supply anddemand curves, what happens to theequilibrium quantity if demand shifts to 02while demand remains the same?If S16 D1 are the original supply anddemand curves, what happens to theequilibrium quantity if supply shifts andincreases to S2 while demand remains thesame?52P2DID2Q1.2It increasesIt increasesIt decreasesIt decreesesIt remains the samet remains the same........O OO O OO O OO O O

NOTE1: Since we only answer up to 3 sub-parts, we’ll answer the first 3. If S1 &D1 are the…

If S1& D1 are the original supply and If S16 D1 are the original supply and demand curves, what happens to the demand curves, what happens to the equilibrium price if demand shifts and increases to D2 while supply remains the equilibrium price if supply shifts and increases to $2 while demand remains the same? same? It increases It increases It decreases R decreases It stays the same R remains the same SI6 Di are the original supply and IF S16 D1 are the original supply and demand curves, what happens to the demand curves, what happens to the equilibrium quantity if demand shifts to D2 equilibrium quantity if supply shifts and increases to 52 while demand remains the while demand remains the same? same? IS PI P2 DI Q12 It increases increases It decreases t decreasen O t remains the same remains the same O O O

If S1& D1 are the original supply and If S16 D1 are the original supply and demand curves, what happens to the demand curves, what happens to the equilibrium price if demand shifts and increases to D2 while supply remains the equilibrium price if supply shifts and increases to $2 while demand remains the same? same? It increases It increases It decreases R decreases It stays the same R remains the same SI6 Di are the original supply and IF S16 D1 are the original supply and demand curves, what happens to the demand curves, what happens to the equilibrium quantity if demand shifts to D2 equilibrium quantity if supply shifts and increases to 52 while demand remains the while demand remains the same? same? IS PI P2 DI Q12 It increases increases It decreases t decreasen O t remains the same remains the same O O O

Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781305971509

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter5: Elasticity And Its Application

Section: Chapter Questions

Problem 4CQQ

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