What would happen in a market if at the same time we had a rise in the supply and a drop in the demand (assume that the laws of demand and supply apply)? The equilibrium price would definitely increase
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- Several advertisements announce that the price of hand sanitizer will be decreasing next month. At the same time, the price of rubbing alcohol, an ingredient used to make hand sanitizer, has increased. Given these two effects, what can we say about the current equilibrium price and quantity of hand sanitizer? O Equilibrium price will decrease; the effect on quantity is ambiguous. Equilibrium price will increase, equilibrium quantity will decrease. O Equilibrium quantity will decrease; the effect on price is ambiguous. O Equilibrium quantity will increase; the effect on price is ambiguous.Suppose the supply curve for open-heart surgery is vertical at a hospital for heart conditions. If the demand for open-heart surgeries increases, what would happen to the equilibrium price of open-heart surgery O The equilibrium price will increase due to an increase in quantity demanded O The equilibrium price will decrease due to a decrease in supply and fixed demand O The equilibrium price will increase due to an increase in demand and fixed supply O The equilibrium price will decrease due to an increase in supply and fixed demandI'm sorry for some reason it didn't add all the parts to the question. This is all one question please answer all parts Label the new equilibrium E1 What is the new equilibrium price? What is the new equilibrium quantity? Was this a result of a change in demand or quantity demand? Was this change an increase or a decrease? As a result, did the equilibrium price increase or decrease? As a result, did the equilibrium quantity increase or decrease?
- This not a grade Question to go with picture: Label the new Equilibrium E1 What is the new equilibrium price? What is the new equilibrium quantity? Was the result of a change in supply or quantity supply? Was the change an increase or decrease? As a result, did the equilibrium price increase or decrease? As a result did the equilibrium quantity increase or decrease?In the market for lawn mowers, if the price of steel, an input used in the production of lawn mowers, rises, and if at the same time homeownership increased which of the following would we expect to occur? Select one: a. The equilibrium quantity will rise, and the effect on the equilibrium price would be ambiguous. O b. an increase in the equilibrium price and a decrease in equilibrium quantity O c. The equilibrium quantity will fall, and the effect on the equilibrium price would be ambiguous. O d. The equilibrium price will rise, and the effect on the equilibrium quantity would be ambiguous. O e. The equilibrium price will fall, and the effect on the equilibrium quantity would be ambiguous.Use the diagram below to answer the question. The diagram depicts an increase in the demand for wine, following research reports highlighting the benefits of its consumption to one's health. If at the same time there were a strike by workers on wine farms, then in comparison with the original equilibrium EO, there would be P O Price of wine So Eo X Quantity of wine O A. an increase in equilibrium quantity but a decrease in price. O B. an increase in equilibrium price and quantity. Do O C. an increase in equilibrium price but an indeterminate effect on quantity. O D. a decrease in equilibrium quantity but an increase in price. D₁ Q
- Which of the following would result from a decrease in supply? A. a decrease in the equilibrium price and a decrease in the equilibrium guantity B. an increase in the equilibrium price and an increase in the equilibrium quantity C. a decrease in the equilibrium price and an increase in the equilibrium quantity D. an increase in the equilibrium price and a decrease in the equilibrium quantity Which of the following would cause a rightward shift of the demand curve and a leftward shift of the supply curve? A. a decrease in the price of a substitute and a decrease in the price of a complement in production B. an expectation of higher income and a decrease in productivity C. a positive change in consumer tastes and a decrease in the cost of an input D. a decrease in the price of a complement and an expectation by firms of a lower price E. an expectation by consumers of a lower price and a decrease in the number of firms in an industrySuppose the market for exercise bikes experiences the following event: The government reduces subsides on exercise equipment. What will be the effect on the equilibrium? O Equilibrium price increases and equilibrium quantity decreases. O Equilibrium price and quantity increase. O Equilibrium price and quantity decrease. O Equilibrium price decreases and equilibrium quantity increases.Demand is Q = 600 − 2P; Supply is Q = 30 + P. What are the equilibrium price andquantity? What would the new equilibrium price and quantity be if demand wereto fall to Q = 300 − 2P??
- Suppose that California wildfires destroy one-third of the grape crop in the state. What would be the expected effect on the market for raisins? O increase in equilibrium price, increase in equilibrium quantity O decrease in equilibrium price, increase in equilibrium quantity decrease in equilibrium price, decrease in equilibrium quantity no change in the market for raisins increase in equilibrium price, decrease in equilibrium quanttiyA dairy farmer who produce fat free-milk can sell the cream that was extracted to make the milk fat free. Fat free milk and cream are therefore joint products. After an article, explaining the health benefits of fat free milk, has been published in an influential magazine, the demand for fat free milk increases. What will happen to the equilibrium price and quantity of cream? O A. the equilibrium price will rice and the equilibrium quantity will increase. O B. the equilibrium price will drop and the equilibrium quantity will decrease O C. the equilibrium price will drop and the equilibrium quantity will increase. O D. the equilibrium price will rise and the equilibrium quantity will decreaseA change in price of a good or service typically causes O a new equilibrium price O a change along the supply curve the supply curve to shift O a decreased demand for that specific good or service.
