A decrease in supply and a decrease in demand will  increase price and affect the equilibrium quantity in an indeterminate way decrease the equilibrium quantity and decrease price increase the equilibrium quantity and affect price in an indeterminate way decrease the equilibrium quantity and affect price in an indeterminate way

The distinction between a change in demand and a change in quantity demanded is best made by saying that: a change in quantity demanded causes a change in demand. a change in quantity demanded is caused by a change in price and a change in demand is caused by a change in other factors. a change in both quantity demanded and demand is caused by a change in price. a change in demand is caused by a change in price and a change in quantity demanded is caused by a change in other factors.

Fill in the blanks to make the following statements correct. a. Ceteris paribus, the price of a product and the quantity demanded are related positively b. Ceteris paribus, the price of a product and the quantity supplied are related negatively c. At any price above the equilibrium price, there will be excess supply At any price below the equilibrium price there will be excess demand

Which of the following will produce a price increase for Good X? For each case, plot a chart with supply and demand curves to show your idea. Demand rises while Supply falls. Demand falls while Supply is constant. Supply falls while Demand is constant. Demand falls faster than Supply falls. Supply rises while Demand falls. Demand rises faster than Supply rises.

An increase in supply and a decrease in demand occur in a market. What happens to the equilibrium price and quantity?

When supply and demand meet at the equilibrium point, then prices in the market will

‌If we observe the price of a good or service rising, then the most likely cause is ‌an increase in demand‌ a temporary surplus a small increase in demand followed by a huge increase in supply an increase in supply

In a market, if the price of a good is set below the equilibrium price, what will happen? a) Shortage b) Surplus c) Equilibrium d) Price ceiling

Please label which one goes in each box. Everything is in the image below