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aksik [14]
3 years ago
15

If the demand for a product increases, then we would expect equilibrium price a. and equilibrium quantity both to decrease. b. t

o decrease and equilibrium quantity to increase. c. to increase and equilibrium quantity to decrease. d. and equilibrium quantity both to increase.
Business
1 answer:
Svetradugi [14.3K]3 years ago
5 0

Answer:

The correct answer is option d.

Explanation:

In case, the demand for a commodity increases the demand curve will consequently shift rightwards. This rightward shift in the demand curve will lead to increase in the equilibrium price level as well as in the equilibrium quantity of the good.

A decline in demand on the other hand would cause a leftward shift in the demand curve leading to a decline in both the equilibrium price as well as equilibrium quantity.

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8 0
4 years ago
In business, failure usually means what? A. The market wasn't saturated enough. B. The company was unethical. C. The customers h
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Usually, in the business world, the reason for failure is due to the company running out of money this can be a culmination of all the reasons listed above or for other reasons, but a company is not really considered a failure until it runs out of money.

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5 0
3 years ago
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brainly.com/question/1577600

8 0
3 years ago
What’s does stockbroker mean?
Flauer [41]

Answer:

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3 years ago
How does the law of diminishing marginal utility relate to law of demand?
HACTEHA [7]

Answer:

Explanation:

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3 years ago
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