Indicate the effect (increase, decrease or indeterminate) on the equilibrium price and quantity of each of these changes in demand and/or supply. A. Decrease in demand, supply is constant 1. 2. B. Decrease in supply, demand is constant 3.

Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter3: Market Demand And Supply
Section: Chapter Questions
Problem 18SQ
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Indicate the effect (increase, decrease or indeterminate) on the equilibrium price and quantity of each of these changes in demand and/or supply.

A. Decrease in demand, supply is constant

1.               

2.            

B. Decrease in supply, demand is constant 

3.

4.

     
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