What would happen if there were decreases in both supply, Business Economics

+44 141 628 6080
[email protected]

What would happen if there were decreases in both supply

What would happen if there were decreases in both supply and demand for some good such as a new tractor?

1. If the decrease in supply is greater than the decrease in demand, equilibrium price will fall.

2. If the decrease in supply is greater than the decrease in demand, the equilibrium price will not be affected.

3. If the decrease in supply is greater than the decrease in demand, the equilibrium price will rise.

4. If the decrease in supply is greater than the decrease in demand, the equilibrium price will at first rise and then fall.

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Business Economics: What would happen if there were decreases in both supply

Reference No:- TGS01580241

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

Discuss patient with athsma about use of bronchodilators

You're instructing a patient with athsma about the use of bronchodilators. You should teach the patient which one?

Discuss new forms of advertising changing opdps work

How have social media and other new forms of advertising changing OPDP's work?

Observing and reporting a correctional clients behavior

Observing and reporting a correctional client's behavior is extremely important, to ensure they receive the right mental health care.

Discussion about improve patient satisfaction scores

You are trying to improve patient satisfaction scores in your hospital's emergency department. You decide to poll 40 patients a day for three weeks.

Problem concerning about the risk for stroke

Sam is concerned about his risk for his stroke since his dad died of stroke at age 57 based on the following information why would you recommend

Patient presented with acute-onset abdominal pain

You are on your 5th straight duty in the Urgent Care and you are seeing a 18 yo may who presented with acute-onset abdominal pain for 2 days.

Discuss - male with a history of moderate persistent asthma

A nurse is caring for an 8-year-old male with a history of moderate persistent asthma. He is accompanied by his mom and dad who reported

Request for Solution File

Ask an Expert for Answer!!

Business Economics: What would happen if there were decreases in both supply

Reference No:- TGS01580241

Have a Question? (oR Write a Review)

Recent Questions Asked Business Economics

Q : Managers will maximize the values of firms by making

Q : Plot the torque-speed and dc current-speed curves if it is

Q : How do you perceive changes in social stereotypes issues

Q : If the switching frequency is 10 khz compute the amplitude

Q : What would happen if there were decreases in both supply

Q : Select a workplace hazard with which you are familiar using

Q : Who is responsible for a persons eating and exercise habits

Q : If the machine is being operated at a speed of 1710 rpm and

Q : Describe how a manager who derives satisfaction from both