How about a change supply resulting in a lower equilibrium price? What causes change in the equilibrium prices?

1 answer:

7 0

A decrease in demand and an increase in supply will cause a fall in equilibrium price, but the effect on equilibrium quantity cannot be determined. 1. For any quantity, consumers now place a lower value on the good, and producers are willing to accept a lower price; therefore, price will fall.

You might be interested in

True or false? The governor must sign into law all bills passed by both houses of the legislature.

gladu [14]

I believe the answer to this is true.

6 0

3 years ago

Which tactic was not used to keep blacks from exercising their civil rights in the post-Civil War South?

STatiana [176]

The right answer for the question that is being asked and shown above is that: "C. Jim Crow laws." The tactic that was not used to keep blacks from exercising their civil rights in the post-Civil War South is called the <span>Jim Crow laws.</span>

6 0

3 years ago

Read 2 more answers

What Native American tribe was forcefully removed from Georgia during the Trail of Tears?

nydimaria [60]

Answer: Eastern woodlands tribes

Explanation:

There were many tribes forced out, including the Cherokee, Creek, Chickasaw, Choctaw, and Seminole to name a few. Hopefully this helps you

4 0

3 years ago

What instruments were you surprised to learn came from Egypt?

babunello [35]

Answer: Cymbals Castanets Trumpets Pipes.

6 0

2 years ago

Read 2 more answers

How did the Sui (Sway) Dynasty expand trade from China?

JulsSmile [24]

Answer:

One of the generals of the Northern Zhou's army was Yang Zhong, the Duke of Sui. After Yang Zhong died, his son Yang Jian inherited his father's title, and usurped the throne in 581 by military coup. Yang Jian adopted the title Emperor Wen, and took over the Northern Zhou kingdom, renaming it the Sui Dynasty.

Explanation:

6 0

3 years ago