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An increase in the demand for notebooks raises the quantity of notebooks demanded but not the quantity supplied?
Mellish
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.
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Answers to the problems and applications of mankiw 4edition?
an increase in the demand for note books raises the quantity demanded for notebooks but not the quantity supplied is this true or false
When quantity demanded is greater than quantity supplied the price will?
the price increase
When quantity supplied is more than quantity demanded its called?
A quantity supplied is more than quantity demanded its called A Surplus.
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.
When quantity supplied exceeds quantity demanded there is?
surplus
Answers to the problems and applications of mankiw 4edition?
an increase in the demand for note books raises the quantity demanded for notebooks but not the quantity supplied is this true or false
When quantity demanded is greater than quantity supplied the price will?
the price increase
When quantity supplied is more than quantity demanded its called?
A quantity supplied is more than quantity demanded its called A Surplus.
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.
At equilibrium price the quantity is demanded always equal to the quantity supplied?
Yes, the equilibrium price equates the quantity supplied to the quantity demanded.
When quantity supplied exceeds quantity demanded there is?
surplus
When quantity supplied and quantity demanded are equal the market is in?
Equilibrium.
If price is above the equilibrium level competition among seller to reduce the resulting?
Surplus will increase quantity demanded and decreae quantity supplied.
When quantity supplied and quantity demanded increase due to improved technology what happens?
An increase in technology will cause a shift in supply curve due to lowered production costs. This increased supply will put downward pressure on prices, driving up quantity demanded.
When quantity supplied is greater than quantity demanded there is?
Excess supply.
If quantity demanded is greater than quantity supplied?
it is called a shortage
When quantity demanded is more than quantity supplied?
Shortage occurs
