economics

posted by .

suppose that demand increase by 10% and supply increase by 50%. what would you expect to occur in the market for the good?

  • economics -

    The price would decrease.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. Economics

    Utilizing market demand and market supply curves for spaghetti, help me illustrate the effect on equilibrium price and quantity of spaghetti for: Increased worldwide demand for rice leads to an increase in the price of ride (which …
  2. economics

    how can a loan for school tuition affect the money supply?
  3. Macro Economics

    I am answering a mutiple choice question and there are two that seem correct. One answer is "Supply will increase" The other is the other is "There will be movement along the supply curve to a higher quantity supplied." What is the …
  4. economics

    in the simple economics of a competitive market price increase under which condition: a)demand is constant.supply decline. b)demand decreases.supply increases. c)demand ans supply rise concomitantly.
  5. Economics: Market Equilibrium

    Question: The market for shoes in 1997. Between 1997 and 1998, the equilibrium price of shoes remained constant, but the equilibrium quantity of shoes decreased. From this, you can conclude that between 1997 and 1998, the supply of …
  6. Economic

    The market for Good X can be depicted with the following demand and supply equations: Demand: P = 50 – 1/2Q Supply: P = 1/3Q Where P is price per unit and Q represents quantity in units. Policy makers plan on imposing a $1 per unit …
  7. Microeconomics

    4. Assume a drought in the Great Plains reduces the supply of wheat. Noting that wheat is a basic ingredient in the production of bread and that potatoes are a consumer substitute for bread, we would expect the price of wheat to: A) …
  8. ECONOMICS

    1) If the price of a product produced in a competitive market increases, which of the following is most likely to occur in the labor market for workers who produce the product?
  9. ECONOMICS

    PLEASE HELP ME WITH THESE!!!!!!!! 1) If the price of a product produced in a competitive market increases, which of the following is most likely to occur in the labor market for workers who produce the product?
  10. Economics help please!

    1. A limited liability company is the best form of business for owners who?

More Similar Questions