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If price rises what happens to supply for a product?
it rises
What happens to the equilibrium price and quantity when demand rises less than supply rises?
When price and quantity demanded rises less than supply rises then shortage of goods create.
When does law of supply occur?
When price rises, the quantity supplied rises; as price falls, the quantity supplied falls.
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 does producer surplus change as the equilibrium price of a good rises or falls?
Producer surplus increases as the equilibrium price of a good rises, and decreases as the equilibrium price falls.
If price rises what happens to supply for a product?
it rises
What happens to a bond's yield if the price of the bond rises?
it rises
What happens to the equilibrium price and quantity when demand rises less than supply rises?
When price and quantity demanded rises less than supply rises then shortage of goods create.
When does law of supply occur?
When price rises, the quantity supplied rises; as price falls, the quantity supplied falls.
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 does producer surplus change as the equilibrium price of a good rises or falls?
Producer surplus increases as the equilibrium price of a good rises, and decreases as the equilibrium price falls.
The law of Demand?
The law of demand states that as price of an object goes up, the quantity goes down. However, as the price falls then quantity rises. IF price falls, demand increases and if price rises, demand decreases.
Which relationship is the BEST example of the Law of Supply?
The quantity of a good supplied rises as the price rises.
What does the typical family have to do when the consumer price index rises?
When the consumer price index rises the typical family has to spend more money. The price index will directly affect the cost of living for a family.
Is luxuries a normal good?
yes it is a normal good . because price rises, demand also rises subject to condition that income rises
Which of the following best defines the law of supply?
As the price of a good rises, the amount of the good supplied rises.
What does the market favor during scarcity?
Price rises.
