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 Supply Curve Shifts to the Supply Curve Shifts to the Right Left Q unchanged Punchanged Demand Curve Q decreases Unchanged P decreases Pincreases Demand Curve Shifts to increases Q increases Q indeterminant the Right Pindeterminant Pincreases decreases P decreases Demand Curve Shifts to Q the Left P decreases P indeterminant
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 Supply Curve Shifts to the Supply Curve Shifts to the Right Left Q unchanged Punchanged Demand Curve Q decreases Unchanged P decreases Pincreases Demand Curve Shifts to increases Q increases Q indeterminant the Right Pindeterminant Pincreases decreases P decreases Demand Curve Shifts to Q the Left P decreases P indeterminant
Chapter4: Demand, Supply, And Market Equilibrium
Section: Chapter Questions
Problem 24P
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