Please provide answers no need long explanation just a simple one. Consider the rice market, if scientists discover a new, more productive rice variety. Change in market equilibrium price: Increase Decrease Did not Change Indeterminate Change in market equilibrium quantity: Increase Decrease Din not change Indeteminate Change in Demand: Increase Decrease Din not change Indeteminate Change in Supply: Increase Decrease Din not change Indeteminate
Please provide answers no need long explanation just a simple one. Consider the rice market, if scientists discover a new, more productive rice variety. Change in market equilibrium price: Increase Decrease Did not Change Indeterminate Change in market equilibrium quantity: Increase Decrease Din not change Indeteminate Change in Demand: Increase Decrease Din not change Indeteminate Change in Supply: Increase Decrease Din not change Indeteminate
Chapter4: Markets In Action
Section: Chapter Questions
Problem 6SQ
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Please provide answers no need long explanation just a simple one.
Consider the rice market, if scientists discover a new, more productive rice variety.
Change in market equilibrium price:
Increase
Decrease
Did not Change
Indeterminate
Change in market equilibrium quantity :
Increase
Decrease
Din not change
Indeteminate
Change in Demand :
Increase
Decrease
Din not change
Indeteminate
Change in Supply:
Increase
Decrease
Din not change
Indeteminate
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