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What are the differences between a market in equilibrium and a market in disequilibrium?

equilibrium is the responsiveness of quantity demand to a change in price.


When the percent change in price is equal to the percent change in quantity demanded demand is said to be what?

in equilibrium


Describe the forces that move a market toward its equilibrium?

The actions of the buyers and sellers move a market towards its equilibrium.


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.


What changes the equilibrium quantity to change?

It changes when the market demand and or market supply changes.


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.


If the demand for a product remains the same and the supply increase what will happen to the equilibrium price?

If there is an increase in supply, the supply curve will be shifted to the right. This leads to a decrease in the equilibrium price and an increase in equilibrium quantity. This is easy to see if you draw it out.


How does the equilibrium price and quantity change when both the demand and supply curves shift simultaneously?

When both the demand and supply curves shift simultaneously, the equilibrium price and quantity will change. If demand increases more than supply, the price will rise and the quantity exchanged will increase. If supply increases more than demand, the price will fall and the quantity exchanged will increase. The exact changes depend on the magnitude of the shifts in the curves.


What happens if demand and supply increase?

the price and value of the item will decrease.


What happens to the equilibrium price and equilibrium quantity if the demand decreases and the supply is constant?

price rises and quantity increases


When equilibrium demanded is greater than quantity?

No. Equilibrium is when supply and demand are equal


What place is the place where supply and demand curves intersect?

The point where supply and demand intersect is the equilibrium point. This is the point where quantity demanded and quantity supplied are equal.