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Business, 23.09.2019 10:30, yaniravivas79

If the supply curve shifts to the left the market equilibrium price will a. freeze b. increase c. decrease d. remove

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Business, 27.06.2019 00:50, kam110800

Sometimes word of mouth and expert recommendations cause a product to become more popular. however, the firm that produces this product may find it difficult to secure parts to increase production, and it might have to pay higher prices to receive an adequate supply of parts. in this case, what will happen to the future price of the product? choose one: a. the equilibrium price should rise as the supply curve shifts to the left and the demand curve shifts to the right. b. the equilibrium price changes in an unknown direction as the supply curve shifts to the left and the demand curve shifts to the right. c. the equilibrium price does not change as the supply curve shifts to the left and the demand curve shifts to the right.

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Business, 27.06.2019 03:50, aubrey1161

In 1973 arab countries imposed an oil embargo on the united states and other developed countries in the aftermath of the yom kippur war. at the same time improved infrastructure and increased income was altering consumer preferences in favor of automobiles over public transportation. if you were drawing a supply and demand graph to illustrate the change in the gasoline market in 1973-1974, what would you say has happened to the supply and demand curves and the equilibrium price and quantity during this time period? the demand for gasoline will decrease shifting the curve to the left while the supply curve shifts to the right. as a result the equilibrium quantity will increase but it is impossible to pinpoint the equilibrium price change. the demand for gasoline will decrease shifting the curve to the left while the supply curve also shifts to the left. as a result the equilibrium price will increase but it is impossible to pinpoint the equilibrium quantity change. the supply of gasoline will decrease shifting the curve to the left while the demand curve shifts to the right. as a result the equilibrium price will increase but it is impossible to pinpoint the equilibrium quantity change

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Business, 17.07.2019 22:20, shirleybuck

Sometimes word of mouth and expert recommendations cause a product to become more popular. however, the firm that produces this product may find it difficult to secure parts to increase production, and it might have to pay higher prices to receive an adequate supply of parts. in this case, what will happen to the future price of the product? choose one: a. the equilibrium price should rise as the supply curve shifts to the left and the demand curve shifts to the right. b. the equilibrium price changes in an unknown direction as the supply curve shifts to the left and the demand curve shifts to the right. c. the equilibrium price does not change as the supply curve shifts to the left and the demand curve shifts to the right.

Answers: 1

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Business, 23.09.2019 20:30, mallyosburn

Suppose a competitive market has a downward-sloping demand curve and a horizontal supply curve. if the supply curve shifts downward, equilibrium price will equilibrium quantity will consumer surplus will and producer surplus will a. decrease; increase; increase; b. not change decrease; increase; c. not change; increase decrease; d. decrease; increase; not change; e. decrease; increase; increase; decrease.

Answers: 2

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