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An increase in supply will have what effect on equilibrium price and quantity?

Increase in supply in the face of steady demand will result in lower price.


Price gouging might be the result of?

sudden increase in demand.


If A decrease in price of a product will result in?

increase in demand and decrease in supply.


What is the result of an increase in a normal good?

To meet the price for more demand causing increase population and businesses


Why an increase in price does not result in a decrease in demand?

Think about it--when something goes up in price do you want to buy it more? No.


Which of the following tends to result in a decrease in the selling price of houses in area?

an increase in mortgage interest rates


Will an increase in supply cause an increase in consumer suplus?

yes because increase in supply will cause decrease in price so the purchasing power of consumer will increase as a result of surplus


What tends to result in a decrease in the selling price of houses in an area?

An increase in mortgage interest tates.


Which tends to result in a decrease in the selling price of houses in an area?

An increase in mortgage interest rates


What tend to result in a decrease of the selling price of houses in an area?

An increase in mortgage interest tates.


Potato crops in Idaho have been damaged by plant disease causing a scarcity of potatoes in the market. What is the most likely effect of the scarcity?

Price increase


How does gross profit margin increase?

Increase in the price at which you SELL the good if the cost price at which you BOUGHT/PRODUCED the good remains the same or Decreased Cost Price with a Stable Selling Price. Basically anything that would result in the difference between the Selling Price and Cost Price increasing favourably.