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An increase in supply reduces equilibrium price but increases equilibrium quantity a decrease in supply increases equilibrium prices but reduces equilibrium quantity. True or False?
True
Since supply curves are upward sloping you would never see an increase in price accompanied by a decrease in quantity traded True or False?
34. As the price of beach front cottages in Florida was raised from $400,000 to 500,000, their quantity supplied rose from 2000 to 2100. Using the are convention, the elasticity of supply of beach front cottage is:
For a given increase in supply the slope of both demand curve and supply curve affect the change in equilibrium quantity Is this statement true or false Explain with diagrams?
For a given increase in supply the slope of both demand curve and supply curve affect the change in equilibrium quantity Is this statement true or false Explain with diagrams?
True or false On the supply side of a market producers indicate to consumers what they are willing to sell in what quantity and at what price?
true
An increase in the demand for notebooks raises the quantity of notebooks demanded but not the quantity supplied?
False. An increase in demand means a shift of the demand curve to the right, it will increase both price and quantity supplied.There is no shift of the supply curve.
Is Momentum is scalar quantity true or false?
False. Momentum is a vector quantity because it has both magnitude and direction.
An increase in demand accompanied by an increase in supply will increase the equilibrium quantity but the effect on equilibrium price will be indeterminate True or False?
Posoftifly Yes im afraid
Equilibrium is when the quantity demanded is no longer equal to the quantity supplied?
false
When the temperature is constant the volume of a gas will decrease as the pressure decrease true or false?
False, see Boyle's law
Equilibrium quantity is a state where quantity supplied by seller and quantity demanded by buyers are equal. True or False?
True
Crediting an account by the bank means a decrease to that account false or true?
False. Crediting an account by the bank means an increase to that account. When the bank credits an account, it adds funds, such as deposits or interest earned, resulting in a higher balance. Conversely, debiting an account would indicate a decrease.
When temperature increase the average kinetic energy of the particles decrease true or false?
False. When temperature increases, the average kinetic energy of the particles also increases. This is because higher temperature means that the particles are moving faster and with more energy.
