Sellers are willing to produce more bicycles at a higher price. This example is best described as a/an A)Decrease in supply B)Increase in quantity supply C)Decrease in quantity supply D)Increase in supply

There is a hypothetical market for bottled water. The market demand and supply are QD = 1150 – 100P and QS = -100 + 40OP. a) Find the equilibrium price and quantity.

If the price of rubber falls, how will that affect the demand for rubber tires?  a) demand will not shift b) demand will shift to the left c)demand will shift to the right  d) Demand shifts depends on the if tires are inferior or normal

You may have noticed that the market demand curve is always flatter than any individual demand curve. Is the market price elasticity of demand also always lower than the individual price elasticity of demand? The market price elasticity is not always lower because elasticity does not just depend on the slope but also the level of quantity demanded. The latter may be quite small for an individual. is always lower because the percentage change in price for the individual is larger than that for the market as a whole. is not always lower because the percentage change in price for the individual is smaller than that for the market as a whole. O is always lower because the slope of the market demand curve is flatter than any of the individual demand curves that compose it.