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DanielleElmas [232]
4 years ago
6

If demand decreases and supply increases, the direction of change in the equilibrium quantity is un-predictable unless the relat

ive magnitudes of the demand and supply changes are known.
A) True
B) False
Business
1 answer:
Elodia [21]4 years ago
5 0

Answer:

The correct answer is option A.

Explanation:

A decrease in the demand for a product will cause the demand curve to shift to the left. At the same time, an increase in the supply of the product will cause the supply curve to shift to the right.  

In such a situation the change in the equilibrium quantity cannot be predicted. It depends on the magnitude of change in demand and supply.  

If the proportionate decrease in demand is more than the increase in the supply of the product, the equilibrium quantity will decrease.

If the increase in supply is more than the decrease in demand, the equilibrium quantity will increase.

If the proportionate increase in supply is equal to a proportionate decrease in demand, the equilibrium quantity will remain the same.

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5 0
3 years ago
This is really for Economics but...<br><br> How are wages affected by the market?
Nezavi [6.7K]

Answer:

They could help give stock to the store/s that's using them. Or, they are the ones getting money for the produce or business, but it helps them get more and more resources for their store.

Explanation:

3 0
3 years ago
Read 2 more answers
If fixed costs are $1,500,000, the unit selling price is $250, and the unit variable costs are $130, what is the amount of sales
seraphim [82]

Answer:

15,000 units

Explanation:

The computation of the  break even point in units after considering the desired profit is shown below:

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4 years ago
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salantis [7]
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4 years ago
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