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In the following question you are asked to determine, other things equal, the effects of a given change in a determinant
Posted: Sun May 29, 2022 7:24 pm
by answerhappygod
- In The Following Question You Are Asked To Determine Other Things Equal The Effects Of A Given Change In A Determinant 1 (35.97 KiB) Viewed 16 times
In the following
question you are asked to determine, other things equal, the effects of a given change in a determinant of demand or supply for product X upon (1) the demand (D) for, or supply (S) of, X; (2) the equilibrium price (P) of X; and (3) the equilibrium quantity (Q) of X. A decrease in the number of buyers for good X will Multiple Choice decrease D, decrease P, and decrease Q. decrease S, increase P, and increase Q. increase S, increase and increase Q increase D, decrease P, and increase Q.