Equilibrium price when demand increase and supply decrease

When an increase in demand arises at similar time as a decrease in supply, in that case equilibrium price: (w) falls, and equilibrium quantity is unsure. (x) increases, and equilibrium quantity is uncertain. (y) remains similar, and equilibrium quantity is uncertain. (z) is uncertain, and equilibrium quantity is uncertain.

How can I solve my economics problem? Please suggest me the correct answer.

View Complete Question

Related Questions in Microeconomics

Q : Why indifference curve is convex Why

Why the indifference curve is convex to origin?

Q : Explain Subsidiary function Elucidate

Elucidate the Secondary or Subsidiary function? Answer: 1) Standard of deferred payments: Money is executing as deferred Payment

Q : Problem on Blacklisting The

The Blacklisting was once common however now illegal in the labor market practice of: (i) Boycotting the products of firms whose workers are on strike. (ii) Forcing the workers to sign agreements not to join the unions. (iii) Paying the union officers to systematize u

Q : Problem on implicit belief in a moral

Can someone please help me in finding out the accurate answer from the following question. Assume that when faced with the Faustian option [that is, a deal with the devil] of torturing an naive child in the interest of securing world peace and an end to global hunger,

Q : Lower value in the Gini index A lower

A lower value for the Gini index tends to be related with: (w) increasing equality of the distribution of income or wealth. (x) decreases in the population’s total amount of income or wealth (y) increased on the whole curvature of the Lore

Q : Rational consumer-Relative Prices I

I have a problem in economics on rational consumer-Relative Prices. Please help me in the following question. The rational consumer purchasing decisions depend mainly on: (1) Current market prices. (2) Absolute prices. (3) Nominal prices. (4) Monetary prices. (5) Rela

Q : Question related to Monopoly Refer to

Refer to the following figure . Assume the graphs represent the demand for use of a local golf course for which there is no significant competition (it has a local monopoly); P indicates the price of a round of golf; Q is the quantity of rounds "sold" each day. If th

Q : Problem on Asymmetric Information I

I have a problem in economics on Problem on Asymmetric Information. Please help me in the following question. Moral hazard and adverse selection are most important in: (1) The United States. (2) Perfectly competitive markets. (3) Internet markets. (4) Markets dominate

Q : Determine absolute value of price

Since this demand curve for DVD games is a straight line, and its slope: (w) is constant, although the absolute value of price elasticity of demand falls as output increases. (x) varies to compensate for changes within elasticity. (y) is constant, alt

Q : Highest hourly wages rate and lowest

From the given choices, in given graph Glynn would be happiest at: (1) point a. (2) point b. (3) point c. (4) point d. (5) point e. 1669_Lab</span></p>
</div>

</li>

</td>
</tr>
</table>

</ul>

</div>
</div>
<div class=

Discover Q & A

Leading Solution Library

Avail More Than 1431038 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1955940
Asked

3,689

Active Tutors

1431038

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment