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A shift in a demand or supply curve occurs when a good's quantity demanded or supplied changes even though price remains the same. So a shift to the right would mean the good quantity suppled has increased even the the price is still the same.
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∙ 12y ago
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When minimum wage increases for workers how does this affect the supply curve for a company?
When minimum wage increases for workers this affects the supply curve upwards for the company. This will mean that the cost goes up which pushes the curve to the left.
What happens when demand rises by more than supply falls?
If demand rises, the demand curve will shift to the right. A fall in supply will mean that the curve moves leftwards. The result is higher prices at a lower quantity. Excess demand may occur
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 does it mean when there is a shift of the supply curve?
Read this http://www.pitt.edu/~mgahagan/Definitions/SupplyandDemand.pdf very helpful.
What does a horizontal supply curve mean?
"implies an elasticity equal to infinity" you have a horizontal straight line, you are right that e will be infinite . It will be perfectly elastic at all the points on the line. Because no change in quantity will be will change the price.
What happens to the graph of the normal curve as the mean increases?
The graph shifts to the right.
When minimum wage increases for workers how does this affect the supply curve for a company?
When minimum wage increases for workers this affects the supply curve upwards for the company. This will mean that the cost goes up which pushes the curve to the left.
What happens when demand rises by more than supply falls?
If demand rises, the demand curve will shift to the right. A fall in supply will mean that the curve moves leftwards. The result is higher prices at a lower quantity. Excess demand may occur
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 is the difference between directional and disruptive selection?
I'm not sure what "stabilizing directional" selection is, but if you get out a bell curve graph... Stabilizing selection tends to select for individuals around the average, or mean, of a population, which technically makes the curve steeper. Directional selection shifts the average in one direction (shifts the whole curve in one direction). Disruptive selection creates two new averages, which means it splits the one curve into two, smaller, separate curves.
What does it mean when there is a shift of the supply curve?
Read this http://www.pitt.edu/~mgahagan/Definitions/SupplyandDemand.pdf very helpful.
What does it mean to shift the demand curve to the right?
an increase in quantity demanded.
Is the value of mean equals 35.4 and value of median equals 35 the shape of the curve skewed is?
the shape of the curve skewed is "right"
What does a horizontal supply curve mean?
"implies an elasticity equal to infinity" you have a horizontal straight line, you are right that e will be infinite . It will be perfectly elastic at all the points on the line. Because no change in quantity will be will change the price.
Leftward shift in the supply curve?
A leftward shift in the supply curve would mean that some outside (Macro-economic) or inside (Micro-economic) event occurred that caused the supplier of the good to not be willing to make as many at a lower price. The price of the good/service will increase. The new price will be at the new (higher) intersect of the supply and demand curves (equilibrium).
What does curve mean?
curve means Bend
Is the total area under a normal distribution curve to the right of the mean is always equal to 0?
100%
