Q100 Suppose that supply for some good increases and that simultaneously the demand for the same good decreases. The result would be... a. No change in either P or Q. b. An increase in Q and a decrease in P. c. An increase in Q and an increase in P. d. A decrease in P and an indeterminate change in Q. e. A decrease in Q and an indeterminate change in P. Clear my choice
Q100 Suppose that supply for some good increases and that simultaneously the demand for the same good decreases. The result would be... a. No change in either P or Q. b. An increase in Q and a decrease in P. c. An increase in Q and an increase in P. d. A decrease in P and an indeterminate change in Q. e. A decrease in Q and an indeterminate change in P. Clear my choice
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter6: Consumer Choices
Section: Chapter Questions
Problem 17P: If a 10 decrease in the price of one product that you buy causes an 8 increase in quantity demanded...
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Q100
Suppose that supply for some good increases and that simultaneously the demand for the same good decreases. The result would be...
a.
No change in either P or Q.
b.
An increase in Q and a decrease in P.
c.
An increase in Q and an increase in P.
d.
A decrease in P and an indeterminate change in Q.
e.
A decrease in Q and an indeterminate change in P.
Clear my choice
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