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Alexandra [31]
2 years ago
12

In a free market setting where quantity supplied is 40 units and quantity demanded is 50 units, price will:

Business
1 answer:
zvonat [6]2 years ago
4 0

Answer: Increase

Explanation:

According to the Law of Supply and Demand, If the demand for the good is higher than the supply, the price will be higher to reflect the relative scarcity and if the demand is lower than supply, the price will be lower to reflect the relative excess.

In this case the quantity demanded is higher than the quantity supplied so the price will have to increase to reflect the relative scarcity of the good.

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Consumers regard Dell computers and Apple computers as substitutes. If the price of a Dell computer decreases, the A. supply of
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<em>B. demand for Apple computers decreases.</em>

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Janet works on a team of 15 people working in research and development for a toymaker. They have weekly meetings to discuss new
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D. production blocking.

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Crane Flight Services contributes $25 a week to Helen's retirement plan starting immediately. Assuming she works for Crane for a
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