Which of the following policies would result in an increase in the quantity supplied of a good in a market? *

Q: In the market for diamonds, assuming everything else remains unchanged, the equilibrium price of…

A: Veblen goods: - Veblen goods are those goods whose demand increases with the increase in its pieces,…

Q: Leather jackets and leather belts are ________. A fall in the price of a leather jacket will…

A: According to the law of demand, as the price rises, the quantity demanded falls. The link between…

Q: Which of the following will definitely occur when there is an increase in demand for and decrease in…

A: Demand is the willingness of the consumers for consuming goods and services at certain price levels.…

Q: Which of the following would cause a decrease in the equilibrium quantity, but an increase in the…

A: According to the Law of Demand and Supply more quantities of a commodity is demanded and less is…

Q: Which of the following situations will cause for an outward shift in supply? a. There is a rise in…

A: The quantity of a commodity that providers are willing to manufacture and sell at various prices…

Q: Demand and supply in a market are described by the equations

A: In its standard structure a direct demand condition is Q = a - bP. That is, amount demanded might be…

Q: In the market for rye bread, all other things being equal, which of the following would cause the…

A: option a is incorrect as A decrease in supply increases price and an increase in the price of a…

Q: What is the Quantity Demanded of coffee in this initial state? thousands of 8 oz cups What is the…

A: Below is the edited graph:

Q: If the demand for smartwatches are expected to increase and production costs are expected to…

A: "When the demand for smartwatches is expected to increase and production costs are expected to…

Q: An increase in the demand for notebooks raises the quantity of notebooks demanded but not the…

A: The market equilibrium is determined at the intersection of the market demand curve and the supply…

Q: Which of the following graphs represents an increase in supply in a given market?

A: An Increase in Supply will shift the supply curve towards right and with the decrease in supply, the…

Q: Explain why the market price may not be the same as the equilibrium price.

A: Quantity supplied is the units of a service that its  suppliers are willing and able to supply to…

Q: Explain how an increase in the price of organic onions can affect the supply of organic tomatoes…

A: In a competitive market, there are a large number of buyers and sellers of the good in the market…

Q: If the current price of oil is $44 per barrel, the quantity of oil demanded is A million barrels,…

A: The market is a allocative mechanism which results in the allocation of the goods and services mong…

Q: Ceteris paribus, if the market demand for a product increases, what will happen to the equilibrium…

A: Let's assume the simple market demand and market supply graph shown below.

Q: Discuss how the equilibrium price and quantity change when a change in demand occurs and the supply…

A: The change in equilibrium quantity and price due to change in demand depends upon the elasticity of…

Q: Indicate how each of the following will affect the current supply (Increase supply or Decrease…

A: A change in supply is an economical word that refers to when the producers or suppliers of a…

Q: Which of the following is total supply of goods? A. Y B. C+I+G C. C+I D. G=T

A: In an economy, total supply of goods is also represented as the aggregate supply, which explains the…

Q: supply and demand

A: The supply depicts the generation of supply by the producers at given prices during given duration.…

Q: Carefully evaluate: “The supply and demand for agricultural products are such that small changes in…

A: Here, the change in supply, that is shift in the supply of agricultural goods relative to fixed…

Q: If the price of a product decreases, we would expect demand to increase.   quantity supplied to…

A: We know that there are two important laws in the market on which the whole market operates full stop…

Q: Which of the following would cause both the equilibrium price and equilibrium quantity of number two…

A: Answer: Correct option: (b) a decrease in consumer income Explanation: An inferior good is a good…

Q: Which of the following will decrease the supply of goods?

A: Supplier of goods usually decreases due to increase in  cost of production.

Q: Suppose that in December the supply of mandarin oranges increases by 350 while the demand increases…

A: When a major index experiences a period of consolidation or sideways momentum, it can be said that…

Q: Assume that we are looking at the market for snowblowers in December. The initial equilibrium is at…

A: Snowblower is used to clear raids andd places by removing unnecessary snow on the roads and other…

Q: For each of the following changes in the market for apples, explain why supply will increase,…

A: The total amount of a certain commodity or service available to consumers is described by supply,…

Q: If the quantity demanded is less than the quantity supplied, then: A. the price will have to…

A: If the quantity required is less than the quantity delivered this is known as surplus or excess…

Q: Which of the following always raises the equilibrium price A. an increase in demand combined with a…

A: Option (A).

Q: An increase in supply and a decrease in demand occur in a market. What happens to the equilibrium…

A: Any change in the demand and supply would lead both the demand and supply curve to shift leftward or…

Q: Which of the following would shift the supply edrve for a commodity to the right? An increase in the…

A: Supply is the amount of output that producers or sellers are willing to sell in the market at given…

Q: Which of the following is the relation that the law of demand defines?   a) Income and price of a…

A: The law of demand works on the assumption of ceteris paribus which means that the law assumes all…

Q: Suppose a market is initially in equilibrium. Then a change occurs and the equilibrium price…

A: The markets are operated by the buyers, and sellers in the market, where both the buyers, and…

Q: An supplied increase in the demand for notebooks raises the quantity of notebooks demanded but not…

A: Demand is defined as an economic term that refers to a customer's ability to purchase goods and…

Q: How will a simultaneous increase in the price of a substitute good and an improvement in production…

A: A market defines a place where households and organizations interact according to their interest and…

Q: An increase in the demand for notebooks raises the quantity of notebooks demanded, but not the…

A: Demand for a commodity is the desire of the commodity backed by the ability to buy and willingness…

Q: How will a simultaneous increase in the price of substitute good and an improvement in production…

A: Increase in price of substitute good will eventually increase the demand of the other good. Due to…

Q: How market surplus and market shortages are resolved to restore the equilibrium price in the market?

A: Surplus occurs  when the price of a good is set above the equilibrium price. When the prices is set…

Q: What is the impact of a simultaneous increase of supply and a decrease in demand on the market

A: When there is a decrease in demand and increase in supply, there can be three possible scenarios as…

Q: For a given market, the equilibrium quantity of the good or service will decrease if demand…

A: Meaning of Microeconomics: The term macroeconomics refers to that situation under which the…

Q: An increase (rightward shift) in the demand for a good will tend to cause: An increase in the…

A: The rightward shift in the demand curve can be seen in the graph below: