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What happens to quantity supplied when price is lowered?
The price could go up or down (ambiguous) but the quantity definitely would decrease
If elasticity of demand is 0.5 and price is lowered from 20 to 19 by what percentage will quantity demanded rise?
To calculate the percentage increase in quantity demanded when the price is lowered, we use the price elasticity of demand formula. The elasticity of demand is 0.5, meaning for a 1% decrease in price, the quantity demanded will increase by 0.5%. The price change from 20 to 19 is a 5% decrease. Therefore, the quantity demanded will rise by approximately 2.5% (0.5 × 5%).
What happens to the price and the quantity of goods and services sold when a store runs a sale?
When a store runs a sale the price of goods is lowered. The quantity of goods and services sold might be higher than average. A store might make more money this way because a larger volume of goods is sold.
What happens to the price and the quantity of goods and service sold when a store runs a sale?
When a store runs a sale the price of goods is lowered. The quantity of goods and services sold might be higher than average. A store might make more money this way because a larger volume of goods is sold.
What happens to the equilibrium price and equilibrium quantity if the demand decreases and the supply is constant?
price rises and quantity increases
What happens to quantity demanded when price is raised?
it falls
What generally happens to a quantity demanded when the price of a good goes up?
quantity demand decreases
What happens to the equilibrium price and equilibrium quantity in a market if the demand curve shifts to the right?
If the demand shift to the right, the equilibrium price and quantity will shift from the initial equilibrium price and quantity to the next, i mean the equilibrium price and quantity will increase as compare to the first.
What happens to a market in equilibrium when there is an increase in supply?
Quantity supplied will exceed quantity demanded, so the price will drop.
What happens after the demand for a fad drops?
The price goes down, and the quantity supplied goes up
The price of peanut butter rises due to a blight on the peanut crop. peanut butter and jelly are complements. What happens to the equilibrium quantity and price of jelly?
(A)Equilibrium price falls, equilibrium quantity increases (B) Equilibrium price rises, equilibrium quantity falls (C) Equilibrium price falls, equilibrium quantity falls (D) Equilibrium price rises, equilibrium quantity rises
How do you link the quantity to effect the price on Excel?
On excel i am trying to link it so that when i change the quantity, the price will be increased as at the moment all that happens is the quantity will go up without effecting the total cost
