Question
Refer to the information provided below in answering the next 6 questions. 1. Both supply and demand increase. 5. Demand increases 2. Both supply and
Refer to the information provided below in answering the next 6 questions. 1. Both supply and demand increase. 5. Demand increases 2. Both supply and demand decrease. 6. Demand decreases 3. Supply increases and demand decreases. 7. Supply increases 4. Supply decreases and demand increases. 8. Supply decreases
17. Which of the above situations will cause price to increase and quantity to decrease? Number(s)________ 18. Which of the above situations will cause price to decrease and quantity to decrease? Number(s)________ 19. Which of the above situations will cause price to increase and quantity to increase? Number(s)_________
20. Which of the above situations will cause price to decrease and quantity to increase? Number(s)_________ 21. In which of the above situations is the price change certain and the quantity change indeterminate? Number(s)_________ 22. In which of the above situations is the price change indeterminate and the quantity change certain? Number(s)_________
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