What Will Happen If Consumers Of A Good Experience An Increase In Their Incomes Note More Than One Answer Is Correct 1 (18.93 KiB) Viewed 22 times
What Will Happen If Consumers Of A Good Experience An Increase In Their Incomes Note More Than One Answer Is Correct 2 (17.21 KiB) Viewed 22 times
What will happen if consumers of a good experience an increase in their incomes? Note: more than one answer is correct, and picking wrong answers has a penalty. Pick all and only the correct answers for full credit. Select one or more: a. Demand for the good will increase. b. Demand for the good will decrease. Dc Supply of the good will increase. □d. Supply of the good will decrease. e. The price of the good will tend to rise. Of. The price of the good will tend to fall. g. The quantity purchased of the good will tend to get larger. Oh. The quantity purchased of the good will tend to get smaller.
Question 2 Not yet answered Points out of 1 question What will happen if new technology enables the same resources to produce greater quantities of a good than before? Note: more than one answer is correct, and picking wrong answers has a penalty. Pick all and only the correct answers for full credit. Select one or more: a. Demand for the good will increase. b. Demand for the good will decrease. Supply of the good will increase. Dc d. Supply of the good will decrease. e. The price of the good will tend to rise. f. The price of the good will tend to fall. g. The quantity purchased of the good will tend to get larger. h. The quantity purchased of the good will tend to get smaller.
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