Fill in the following table with +, –, 0, and ? to describe the effect of the combination of events. The + sign is for increase, – for decrease, 0 for no change, and ? for uncertain. For example, in the first row and the first column, indicate how price and quantity will change if both demand and supply increase.

Transcribed Image Text:

Demand + Demand - Demand 0 Supply + P_Q_ P_Q_ P_Q_ Supply - P_Q_ P_Q_____ P_Q_____ Supply 0 P_Q__ P_Q__ P_Q_