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Which of these is most likely to lead to a decrease in the price of a good?
Demand decreases and supply remains the same would lead to a decrease in the price of a good.
If a good is normal, then will a decrease in price cause a substitution effect that is significant?
Yes, if a good is normal, a decrease in price will likely cause a significant substitution effect, leading consumers to switch to the cheaper good.
What is likely to lead to a decrease in the price of a good?
Demand decreases and supply remains the same.
What is most likely to lead to a decrease in the price of a good?
Demand decreases and supply remains the same.
Why aggregate spending decrease as the price level increases?
Because if a price level is higher for a good, aggregate spending will decrease as the level of the price increases. And vice versa - the cheaper a good is, OR the MORE that your money will buy, the more likely you are to spend that money.
Which of these is most likely to lead to a decrease in the price of a good?
Demand decreases and supply remains the same would lead to a decrease in the price of a good.
If a good is normal, then will a decrease in price cause a substitution effect that is significant?
Yes, if a good is normal, a decrease in price will likely cause a significant substitution effect, leading consumers to switch to the cheaper good.
What is likely to lead to a decrease in the price of a good?
Demand decreases and supply remains the same.
Is likely to lead to a decrease in the price of a good?
Demand decreases and supply remains the same.
What is most likely to lead to a decrease in the price of a good?
Demand decreases and supply remains the same.
What most likely to lead to a decrease in the price of a good?
Demand decreases and supply remains the same.
Why aggregate spending decrease as the price level increases?
Because if a price level is higher for a good, aggregate spending will decrease as the level of the price increases. And vice versa - the cheaper a good is, OR the MORE that your money will buy, the more likely you are to spend that money.
If goods A and B are substitutes a decrease in the price of good B will?
If goods A and B are substitutes, a decrease in the price of good B will likely lead to a decrease in the demand for good A. Consumers will find good B more attractive due to its lower price, leading them to purchase more of B instead of A. Consequently, the demand curve for good A shifts leftward, potentially reducing its equilibrium price and quantity.
When the decrease in the price of one good causes the demand for another good to decrease the goods are?
substitue
What happens to the price of a good in a market with perfectly inelastic supply when there is a decrease in demand for that good?
In a market with perfectly inelastic supply, the price of a good will not change when there is a decrease in demand for that good.
What happens when demand for a good increase but it's supply decrease?
The price for the good increases
What is the following situations would the price of a good be most likely to decrease Apex?
The development of a new energy source reduces production costs for a company.
