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What would happen to the equilibrium price and quantity exchanged if an increase in income and a decreasing price of complement for a normal good?
Wiki User
∙ 12y ago
the equilibrium price and quantity exchanged will go up because thr curve of demand shift rightward in both situations.
Wiki User
∙ 12y ago
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Why does an increase in autonomous taxes have the same effect on equilibrium output as does an decrease in autonomous transfers?
taxes indirectly decrease Y, it does this by decreasing consumption
What happens if demand and supply increase?
the price and value of the item will decrease.
An increase in demand will cause the equilibrium price and quantity to rise?
An increase in demand will cause the equilibrium price to fall and equilibrium quantity to rise.
An increase in demand accompanied by an increase in supply will increase the equilibrium quantity but the effect on equilibrium price will be indeterminate True or False?
Posoftifly Yes im afraid
An increase in supply reduces equilibrium price but increases equilibrium quantity a decrease in supply increases equilibrium prices but reduces equilibrium quantity. True or False?
True
Why does an increase in autonomous taxes have the same effect on equilibrium output as does an decrease in autonomous transfers?
taxes indirectly decrease Y, it does this by decreasing consumption
What happens if demand and supply increase?
the price and value of the item will decrease.
An increase in demand will cause the equilibrium price and quantity to rise?
An increase in demand will cause the equilibrium price to fall and equilibrium quantity to rise.
An increase in demand accompanied by an increase in supply will increase the equilibrium quantity but the effect on equilibrium price will be indeterminate True or False?
Posoftifly Yes im afraid
What is in the middle of decrease and increase?
equilibrium
What is the effect of decreasing the temperature of the pH of water?
Decreasing the temperature of water the value of pH increase.
One way of decreasing the equity of a business is to increase an asset?
no, increase liability
What events can cause the equilibrium price of ice cream to increase?
what five specific events that can be expected to cause the equilibrium price of ice cream to increase
What happens to equilibrium price of a commodity if there is decrease in its demand and increase in its supply?
Equilibrium price increases
An increase in supply reduces equilibrium price but increases equilibrium quantity a decrease in supply increases equilibrium prices but reduces equilibrium quantity. True or False?
True
How does decreasing the volume affect the volume of gas?
If the temperature remains constant, decreasing the volume will increase the pressure.
Is California growing or decreasing?
It continues to increase in population.
