QUESTION 24What will happen to the equilibrium price and quantity in a market, if more buyers enter the market and also the prices of inputs decrease?O Equilibrium quantity would decrease, but the impact on equilibrium price would be ambiguous.O Equilibrium price would increase, but the impact on equilibrium quantity would be ambiguous.O Equilibrium price would decrease, but the impact on equilibrium quantity would be ambiguous.O Equilibrium quantity would increase, but the impact on equilibrium price would be ambiguous.

The demand and supply of a commodity depends on a lot of factors other than its own price. When the…

What will happen to the equilibrium price and quantity in a market, if more buyers enter the market and also the prices of inputs decrease? O Equilibrium quantity would decrease, but the impact on equilibrium price would be ambiguous. Equilibrium price would increase, but the impact on equilibrium quantity would be ambiguous. O Equilibrium price would decrease, but the impact on equilibrium quantity would be ambiguous. O Equilibrium quantity would increase, but the impact on equilibrium price would be ambiguous.

What will happen to the equilibrium price and quantity in a market, if more buyers enter the market and also the prices of inputs decrease? O Equilibrium quantity would decrease, but the impact on equilibrium price would be ambiguous. Equilibrium price would increase, but the impact on equilibrium quantity would be ambiguous. O Equilibrium price would decrease, but the impact on equilibrium quantity would be ambiguous. O Equilibrium quantity would increase, but the impact on equilibrium price would be ambiguous.

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter4: The Market Forces Of Supply And Demand

Section: Chapter Questions

Problem 8PA

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