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What will happen if demand decreases and supply increases?
the price and value of the item will decrease.
What will happen when Aggregate demand and aggregate supply decrease?
When aggregate demand and aggregate supply both decrease, the result is no change to price. As price increases, aggregate demand decreases, and aggregate supply increases.
What will happen to the equilibrium price and quantity of a normal good if the demand for the good increases and supply constant?
the equilibrium price rises and the quantity increases
What will happen when the supply of a product increases According to Adam Smith?
the price of the product will decrease
Which of these shows (displays) the law of supply?
The price of houses increases, and the supply increases
What will happen when the demand for a product increases according to Adam Smith?
Supply increases.
What will happen if demand decreases and supply increases?
the price and value of the item will decrease.
What will happen when Aggregate demand and aggregate supply decrease?
When aggregate demand and aggregate supply both decrease, the result is no change to price. As price increases, aggregate demand decreases, and aggregate supply increases.
What will happen to the equilibrium price and quantity of a normal good if the demand for the good increases and supply constant?
the equilibrium price rises and the quantity increases
What will happen when the supply of a product increases According to Adam Smith?
the price of the product will decrease
What economic explanation occurs if demand increases?
supply will decrease and price will rise greatly
What will happen to the equilibrium price level and the real GDP if the aggregate demand increases and aggregate supply decreases?
The equilibrium price level increases, but the real GDP change depends on how much aggregate demand and aggregate supply change by.
What will happen to the equilibrium price level and the real GDP if the aggregate demand decreases and aggregate supply increases?
The equilibrium price level increases, but the real GDP change depends on how much aggregate demand and aggregate supply change by.
Which of these shows (displays) the law of supply?
The price of houses increases, and the supply increases
What happens to price if supply increases?
Supply will increase.
Will the supply of a good be more elastic if the price of the good increases?
Yes, the supply of a good will be more elastic if the price of the good increases.
What would happen in the for a good if demand increase and supply decreases?
In the short run, there would be oversupply.
