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

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A decrease (leftward shift) in the supply for a good will tend to cause ?

A. an increase in the equilibrium price and quantity B. a decrease in the equilibrium price and an increase in the equilibrium quantity C. none of these answers D. a decrease in the equilibrium price and quantity. E. an increase in the equilibrium price and a decrease in the equilibrium quantity...

When supply increase in an agricultural market farmer’s earning might fall because ?

A. Supply is price elastic B. Demand is price inelastic C. The government buys up all the excess production D. All output must be sold at a maximum price...

The reason for the kinked demand curve is that ?

A. The oligopolist believes that competitors will match output increase but not output reduction B. The oligopolist believes that competitors will match price increase but not output reduction C. The oligopolist believers that competitors will match price cuts but not price rises D. The oligopolist believes that competitors will match price increase but not output … The reason for the kinked demand curve is that ?Read More...

Suppose consumer tastes shift toward the consumption of apples Which of the following statements is an accurate description of the impact of this event on the market for apples ?

A. There is an increase in the quantity demanded of apples and in the supply for apples B. There is an increase in the demand and supply of apples. C. There is an increase in the demand for apples and a decrease in the supply of apples D. There is a decrease in the quantity … Suppose consumer tastes shift toward the consumption of apples Which of the following statements is an accurate description of the impact of this event...

A positive externality occurs when ?

A. The social marginal costs are higher than the private marginals costs B. A product is not provided in the free market C. The social marginal cost equal the social marginal benefit D. The social marginal benefits are higher than the private marginal benefits...