In the table below, fill in the missing blanks to complete the summary of the effects of changes in demand and supply on equilibrium price and quantity. Supply Curve Unchanged Demand Curve Unchanged Qunchanged. Punchanged Demand Curve Shifts to Qincreases the Right P Demand Curve Shifts to Q decreases. the Left P decreases Supply Curve Shifts to the Supply Curve Shifts to the Right Left ▼ Q P decreases Q increases Pindeterminant Q P decreases Q decreases Pincreases Q indeterminant Pincreases Q Pi indeterminate decreases increases unchanged

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter4: Demand, Supply, And Market Equilibrium
Section: Chapter Questions
Problem 24P
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In the table below, fill in the missing blanks to complete the summary of the effects of changes in demand and supply on equilibrium price and quantity.
Supply Curve
Unchanged
Demand Curve
Unchanged
Q unchanged
P unchanged
Demand Curve Shifts to increases
the Right
P
Demand Curve Shifts to Q decreases
the Left
P decreases
Supply Curve Shifts to the Supply Curve Shifts to the
Right
Left
Q
P decreases
Q increases
P indeterminant
Q
P decreases
Q decreases
P increases
Q indeterminant
P increases
Q
Pi
indeterminate
decreases
increases
unchanged
Transcribed Image Text:In the table below, fill in the missing blanks to complete the summary of the effects of changes in demand and supply on equilibrium price and quantity. Supply Curve Unchanged Demand Curve Unchanged Q unchanged P unchanged Demand Curve Shifts to increases the Right P Demand Curve Shifts to Q decreases the Left P decreases Supply Curve Shifts to the Supply Curve Shifts to the Right Left Q P decreases Q increases P indeterminant Q P decreases Q decreases P increases Q indeterminant P increases Q Pi indeterminate decreases increases unchanged
In the table below, fill in the missing blanks to complete the summary of the effects of changes in demand and supply on equilibrium price and quantity.
Supply Curve
Unchanged
Q unchanged
P unchanged
Demand Curve Shifts to
Q increases
the Right
P
Demand Curve
Unchanged
Demand Curve Shifts to Q decreases
the Left
P decreases
Supply Curve Shifts to the Supply Curve Shifts to the
Right
Left
Q
P decreases
Q increases
P indeterminant
Q
P decreases
Q decreases
P increases
Q indeterminant
P increases
Q
P indeterminant
Transcribed Image Text:In the table below, fill in the missing blanks to complete the summary of the effects of changes in demand and supply on equilibrium price and quantity. Supply Curve Unchanged Q unchanged P unchanged Demand Curve Shifts to Q increases the Right P Demand Curve Unchanged Demand Curve Shifts to Q decreases the Left P decreases Supply Curve Shifts to the Supply Curve Shifts to the Right Left Q P decreases Q increases P indeterminant Q P decreases Q decreases P increases Q indeterminant P increases Q P indeterminant
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