A change in price will lead to a change in and to a change in , while a change in government subsidies will

Question

crimeas [40]

4 years ago

13

A change in price will lead to a change in and to a change in , while a change in government subsidies will

lead to a change in __________ and a change in the number of buyers will lead to a change in __________.

Business

1 answer:

Sauron [17] · Answer 1 · 2021-11-17T03:00:08+03:00

Answer:

quantity demanded; quantity supplied; supply; demand

Explanation:

When there is a change in price of goods, this change will lead to quantity demanded and it will also lead to a change in the quantity supplied. According to the law of demand, an increase in price will lead to a decrease in quantity demanded and vice-versa.

When there is a change in government susidies, this change will lead to a change in supply, and a change in the number of buyers will lead to a change in demand.

Therefore, the correct statement is:

A change in price will lead to a change in quantity demanded and to a change in <em>quantity supplied,</em> while a change in government subsidies will lead to a change in supply and a change in the number of buyers will lead to a change in demand.

A change in price will lead to a change in __________ and to a change in __________, while a change in government subsidies will

A change in price will lead to a change in and to a change in , while a change in government subsidies will