Question

Which of the following will result in a definite increase in equilibrium quantity but an uncertainty...

Which of the following will result in a definite increase in equilibrium quantity but an uncertainty regarding any change that might occur in the equilibrium price?

an increase in demand and a decrease in supply

a decrease in demand and a decrease in supply

an increase in demand and an increase in supply

a decrease in demand and an increase in supply

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Answer;

Option C is the correct answer.

A definite increase in equilibrium quantity but an uncertainty regarding any change that might occur in the equilibrium price is an increase in demand and an increase in supply. This is shown in the following figure;

In the above figue, x-axis shows quantity and y-axis shows price. D is the demand curve and S is the supply curve. An increase in the demand results shift in demand curve to the right and increase in supply results shift in the supply curve to th right. The quantity increases from q to q1 and price are uncertain.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
One definite result of price increase no matter what the magnitude of shift is (A) Supply...
One definite result of price increase no matter what the magnitude of shift is (A) Supply increase, Demand Decrease (B) Supply DecreaseDemand Decrease (C) Supply No change, Demand Decrease (D) Supply increaseDemand No change E) Supply No change, Demand Increase
8. Assume there is a simultaneous increase in demand and a decrease in supply. The result...
8. Assume there is a simultaneous increase in demand and a decrease in supply. The result of this will be a definite increase in the equilibrium price but an uncertain impact on the equilibrium quantity. True or False
The equilibrium price will fall and the equilibrium quantity might increase, decrease, or stay the same...
The equilibrium price will fall and the equilibrium quantity might increase, decrease, or stay the same when the: demand and the supply of a good both decrease. demand for a good decreases and the supply of it increases. demand and the supply of a good both increase. demand for a good increases and the supply of it decreases.
If demand increases and supply increases: equilibrium price will increase and equilibrium quantity will decrease. equilibrium...
If demand increases and supply increases: equilibrium price will increase and equilibrium quantity will decrease. equilibrium price will be uncertain and equilibrium quantity will decrease. equilibrium price will be uncertain and equilibrium quantity will increase.
11. While an increase in the price of a substitute causes the _______ curve to shift...
11. While an increase in the price of a substitute causes the _______ curve to shift _______ an increase in the price of a substitute in production causes the _______ curve to shift _______. Group of answer choices demand, right, supply, left demand left, supply, right demand, left, supply, left demand, right, supply, right 12. The general rule in marginal analysis is that an activity should continue as long as the marginal benefit is at least as large as the...
Principles of Marcoeconomics Please check my answers. Which of the following will result if there is...
Principles of Marcoeconomics Please check my answers. Which of the following will result if there is an increase in the demand for house You answered The quantity of home loans will increase. The interest rate on the home loans will increase. The interest rate on home loans will decrease. The quantity of home loans will decrease. 2. If a maximum interest rate for credit cards is set about the equilibrium interest rate. Interest rates will increase You answered interest rates...
The following is occurring in the market for bicycles: There is an increase in the number...
The following is occurring in the market for bicycles: There is an increase in the number of firms. There is a positive change in consumer tastes. Consumers expect prices to increase. Costs of inputs have decreased. There has been an increase in the number of consumers. Based on this information, what can be predicted with certainty? a. The equilibrium price will decrease. b. The equilibrium quantity will increase. c. The equilibrium price will increase. d. The equilibrium quantity will decrease....
Table: An Increase in Supply A Decrease in Supply An Increase in Demand A B A...
Table: An Increase in Supply A Decrease in Supply An Increase in Demand A B A Decrease in Demand C D Refer to the Table above: Which combination would produce an increase in equilibrium price and an indeterminate change in equilibrium quantity? Note: Start with a demand and supply curves and identify the initial equilibrium price and quantity. Then, change the demand and supply curves (indicated in the table) proportionally and identify the new equilibrium price and quantity. In some...
What situation would cause an increase in equilibrium quantity and a decrease in market equilibrium? a....
What situation would cause an increase in equilibrium quantity and a decrease in market equilibrium? a. an increase in demand b. an increase in supply c. a decrease in demand d. a decrease in supply
In the market for peaches, we observe both market equilibrium price and quantity increase.  What could have...
In the market for peaches, we observe both market equilibrium price and quantity increase.  What could have caused this change? a.an increase in supply and a decrease in demand b.an increase in demand c.an increase in supply d.a decrease in supply Flag this Question A decrease in the price of inputs into production causes: a.market supply to decrease, driving market equilibrium price down b.market supply to increase, increasing market equilibrium price c.market supply to increase, decreasing market equilibrium price d.quantity supplied...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT