If demand falls and supply stays the same, equilibrium price will _____, and equilibrium quantity will _____.
Question:
If demand falls and supply stays the same, equilibrium price will _____, and equilibrium quantity will _____.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (1 review)
If demand falls and supply stays the same the equilibrium price will decrease and the eq...View the full answer
Answered By
Salmon ouma
I am a graduate of Maseno University, I graduated with a second class honors upper division in Business administration. I have assisted many students with their academic work during my years of tutoring. That has helped me build my experience as an academic writer. I am happy to tell you that many students have benefited from my work as a writer since my work is perfect, precise, and always submitted in due time. I am able to work under very minimal or no supervision at all and be able to beat deadlines.
I have high knowledge of essay writing skills. I am also well conversant with formatting styles such as Harvard, APA, MLA, and Chicago. All that combined with my knowledge in methods of data analysis such as regression analysis, hypothesis analysis, inductive approach, and deductive approach have enabled me to assist several college and university students across the world with their academic work such as essays, thesis writing, term paper, research project, and dissertation. I have managed to help students get their work done in good time due to my dedication to writing.
5.00+
4+ Reviews
16+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
A change in a factor of demand or a factor of supply (or both) will change the point of market equilibrium in a predictable way. Explain what will happen to equilibrium price and equilibrium quantity...
-
123 Compare the purely graphical properties of these two notations, and the ways in which the graphical properties of each display correspond to the information structure being defined. Describe...
-
A company purchased machinery for $200,000 on 1st January. It has an estimated useful life of 10 years and an estimated salvage value of $20,000. The firm sells the asset at the salvage value at the...
-
Consider the many moments of joy in the movie. Why include them? What risky acts of courage do Katherine, Mary and Dorothy take? How are they rewarded? The film shows the strong relationships that...
-
Green Line Corporation was organized in January 2019. During 2019, Green Line engaged in the following stockholders' equity activities: a. Secured approval for a corporate charter that authorizes...
-
What are the components of the following systems? Draw and explain the configuration of each. (a) Barbershop (b) Car wash (c) Laundromat (d) Small grocery store
-
8. Consider Joe and Sarahs bet in Examples 2 and 3. a. In this bet, note that $106.184 is the forward price. A bet paying $1 if the share price is above the forward price is worth less than a bet...
-
Grey's Audiovisual rents audio and visual equipment to musicians for local concerts. The company is interested in forecasting the rentals for the d2-console so that it can make sure the d2-console is...
-
Foundations of Accounting - Pre-Test Accounting - Sarbanes-Oxley, Internal Control, and Cash A credit memorandum from the bank A always decreases a bank customer's account is used to show a bank...
-
If supply rises and demand stays the same, equilibrium price will _____, and equilibrium quantity will ______.
-
Shome Industries retains and reinvests all its earnings. So, Shome does not pay any dividends, and it has no plans to pay dividends any time soon. A major pension fund is interested in purchasing...
-
Assume you are Kendra what would you want to say at the retrospective? How would you say it?
-
Solve xy' - 2y = x.
-
Vanishing Games Corporation (VGC) operates a massively multiplayer online game, charging players a monthly subscription of $15. At the start of January 2021, VGC's income statement accounts had zero...
-
Financial data, medical service data, and staffing data are best defined as what type of data
-
. What is meant by the term "foreign exchange rate"? In general, what causes foreign exchange rates to vary over time? . Do changes in foreign exchange rates benefit or hurt U.S. companies that are...
-
Primare Corporation has provided the following data concerning last month's manufacturing operations. Purchases of raw materials Indirect materials used in production Direct labor Manufacturing...
-
Researchers randomly assigned participants either a tall, thin "highball" glass or a short, wide "tumbler," each of which held 355 ml. Participants were asked to pour a shot (1.5 oz = 44.3 ml) into...
-
What are technical skills At what level are they most important and why?
-
Takashi Hashiyama, president of the Japanese electronics firm Maspro Denkoh Corporation, was torn between having Christies or Sothebys auction the companys $ 20 million art collection, which included...
-
Takashi Hashiyama, president of the Japanese electronics firm Maspro Denkoh Corporation, was torn between having Christies or Sothebys auction the companys $ 20 million art collection, which included...
-
Takashi Hashiyama, president of the Japanese electronics firm Maspro Denkoh Corporation, was torn between having Christies or Sothebys auction the companys $ 20 million art collection, which included...
-
Chapter o Homew ebook 50,000-unit production quantity: $ 227,049 7 70,000-unit production quantity: $ 66,751 d. In addition to mean profit, what other factors should FTC consider in determining a...
-
Diamond makes downhill ski equipment. Assume that comic has offered to produce ski poles for Diamond for $20 per pair Diamond needs 200,000 pairs of poles per period Diamond can only avoid 5150,000...
-
17? Which of the following statement is true Select one: a. All evidence must have the same level of reliability b. All evidence must have the same level of persuasiveness C. All are false d....
Study smarter with the SolutionInn App