An improvement in technology shifts the supply curve outward (to the right) because the cost to produce the good decreases, so they can make more products at a lower cost...
1 Answers 1 viewsDemand is the quantity of a good that consumers are willing and able to purchase at various prices during a given period of time.Individual demand schedule is a set of...
1 Answers 1 viewsA demand schedule is a tabular representation of the quantity of goods consumers are willing and able to buy at a given time given a specific price.A demand curve is...
1 Answers 1 viewsa.Individual supply refers to the amount supplied by a single seller, whereas market supply refers to the total amount supplied by all market sellers.b.A demand schedule is a table that...
1 Answers 1 viewsWhen money supply increases in the short run, the supply curve shifts to the right and the rate of interest will fall. The surplus money will be used to purchase...
1 Answers 1 viewsIn equilibrium, Qd = Qsor, 100 - 0,5P = -20 + P120=1,5Por, P = 80So, Equilibrium quantity , Q = Qd = Qs = 100 - 0,5х80 = 60 [аs, P = 80 unit.]Answer: Equilibrium price...
1 Answers 1 viewsEquilibrium price and Equilibrium quantity will increase. If market demand increases by 50% while supply increases by 40% it means that there would be shortage of product. Demand is higher...
1 Answers 1 viewsIf there is a surplus on the market then S>D, and the surplus is calculated, as supply subtracting demand: S-D= 9.9.2P-35-100+9.4P=918.6P=144P=7.74 - is the current market price
1 Answers 1 viewsIf market supply is P = Qs + 5, then: Qs = P - 5At market equilibrium: Qd = Qs 50 - P = P - 5 50 + 5 = P...
1 Answers 1 viewsIf in a competitive market, the industry demand and supply curves are P = 200 - 0.2Qd and P = 100 + 0.3Qs, respectively, then the market’s equilibrium price and...
1 Answers 1 views