1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
andrezito [222]
1 year ago
12

if there is an increase in the demand for a good, what will happen to the equilibrium price and quantity of the good exchanged?

quizlet
Business
1 answer:
lesya692 [45]1 year ago
8 0

The correct option is B -  "Increase Increase"

What is equilibrium price?

A market-clearing price, often referred to as an equilibrium price, is the consumer cost associated with a good or service when supply and demand are equal or nearly equal.

What is  quantity of the good exchanged?

The quantity theory of money is expressed mathematically in the equation of exchange. The equation, in its simplest form, states that nominal spending equals nominal income or that the total quantity of money that moves about in an economy equals the total money value of the things that move around.

Question :

If there is an increase in demand for a good, what will most likely happen to the price and quantity of the good exchanged?

Price Quantity

A. No change No change

B. Increase Increase

C. Increase Decrease

D. Decrease Increase

E. Decrease

To learn more about equilibrium price click on the link below:

brainly.com/question/17193674

#SPJ4

You might be interested in
Which best describes the main role of the three major credit reporting agencies?.
kaheart [24]

The best three main roles of major credit reporting agencies are:

  • Compile consumer credit
  • Loan information and
  • Provide it to lenders and businesses.

<h3>What is a credit reporting agency?</h3>

A credit reporting agency is a company that keeps track of people's and companies' credit histories. They get information from creditors and other sources, which they put into a credit report, which incorporates a credit score when it's released.

The best three main roles of major credit reporting agencies are:

  • Compile consumer credit
  • Loan information and
  • Provide it to lenders and businesses.

Learn more about credit reporting agencies here:

brainly.com/question/9913263

3 0
2 years ago
Yo tell me if this is true.. i walk down the sidewalk and found a grass hooper and ate it...
worty [1.4K]

Answer: bro why would you eat a grasshopper

Explanation:

kinda sus ngl

6 0
3 years ago
Read 2 more answers
Why does the growth of international trade lead to a rising global standard of
alina1380 [7]

Answer:

B. International trade enables specialization, which brings increased efficiency and greater competition.

Explanation:

7 0
2 years ago
Soda and pizza are complements because they are often enjoyed together. When the price of soda rises, what happens to the supply
almond37 [142]

Explanation:

In the case of the complements goods, if the price of the soda rises, the demand would be decreased and the supply would rises. Since the soda and pizza are complementary goods so the impact of one good would be the same for another good also

Moreover, we also know that the price and the demand has an inverse relationship but the price and the supply has a direct relationship

6 0
3 years ago
In the production of a wooden chair within the circular flow model, what would the resource market include?
lidiya [134]

Answer:

forest/trees

Explanation:

4 0
2 years ago
Other questions:
  • Consider the following balance sheet for the Wahoo Bank. Use it to answer the two questions that follow. Use a required reserve
    11·1 answer
  • What factors affect the time value of money and the cost of borrowing money?
    6·1 answer
  • ________________analysis involves determining the appropriateness of training, given the company's business strategy, its resour
    9·1 answer
  • World City: dominant city in terms of its role in the global political economy. Not the world's biggest city in terms of populat
    15·1 answer
  • why do people take surveys and human verification's for?????????????????????????????????????????????????????????????????????????
    11·1 answer
  • Chandler Co. has a loan that accrues interest at a rate of $28 a day. The company pays the interest once a quarter. What adjustm
    12·1 answer
  • Question 2
    7·1 answer
  • Technology helps business professionals, keep more organized, communicate better, and effectively keeps businesses secure. Techn
    10·1 answer
  • ****ECONOMICS****Which situation is an example of a person making use of credit?
    14·2 answers
  • Rosalie is a sales consultant for Avon Cosmetics. This illustrates
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!