Respuesta :
Answer:
(a) This will shift the demand curve rightwards and supply curve remains the same. Hence,
Equilibrium price: Increases
Equilibrium Quantity: Increases
(b) This will shift the supply curve rightwards and demand curve remains the same. Hence,
Equilibrium price: Decrease
Equilibrium Quantity: Increases
(c) This will shift the demand curve leftwards and supply curve remains the same. Hence,
Equilibrium price: Decrease
Equilibrium Quantity: Decrease
(d) This will shift the supply curve leftwards and demand curve remains the same. Hence,
Equilibrium price: Increase
Equilibrium Quantity: Decrease
(e) This will shift the supply curve and demand curve rightwards. Hence,
Equilibrium price: Indeterminate because of the magnitude of the shift in demand and supply curve.
Equilibrium Quantity: Increase
(f) This will shift the supply curve and demand curve leftwards. Hence,
Equilibrium price: Indeterminate because of the magnitude of the shift in demand and supply curve.
Equilibrium Quantity: Decrease
(g) This will shift the supply curve leftwards and demand curve rightwards. Hence,
Equilibrium price: Increase
Equilibrium Quantity: Indeterminate because of the magnitude of the shift in demand and supply curve.
(h) This will shift the supply curve rightwards and demand curve leftwards. Hence,
Equilibrium price: Decrease
Equilibrium Quantity: Indeterminate because of the magnitude of the shift in demand and supply curve.
The market is in equilibrium when at the market equilibrium price the quantity demanded is equal to the quantity supplied.
What is the equilibrium price?
The equilibrium price is the only price at which consumers' plans and producers' plans agree — that is, when the price consumers want to buy the product, the desired price, is equal to the amount the producers want to sell, the price offered.
This common value is called equilibrium quantity.
(a) This will shift the demand curve to the right and the supply curve will remain the same. So,
- Equilibrium price: Increases
- Equilibrium Quantity: Increases
(b) This will shift the supply curve to the right and the quest curve remains the same. So,
- Equilibrium price: Reduce
- Equilibrium Quantity: Increases
(c) This will shift the search curve to the left and the supply curve will remain the same. So,
- Equilibrium price: Reduce
- Equilibrium Amount: Reduce
(d) This will shift the supply curve to the left and the quest curve remains the same. So,
- Equilibrium price: Increase
- Equilibrium Quantity: Reduce
(e) This will shift the supply curve and the demand curve to the right. So,
- Equilibrium price: Can not be determined due to the magnitude of the change in seeking and providing the curve.
- Equilibrium quantity: Increase
(f) This will shift the supply curve and the search curve to the left. So,
- Equilibrium price: Can not be determined due to the magnitude of the change in seeking and providing the curve.
- Equilibrium Quantity: Reduce
(g) This will shift the delivery curve to the left and then turn the curve to the right. So,
- Equilibrium price: Increase
- Equilibrium Quantity: Not limited due to demand change size and supply curve.
(h) This will shift the supply curve to the right and then turn the demand curve to the left. So,
- Equilibrium price: Reduce
- Equilibrium Quantity: Not limited due to demand size change and supply curve
Hence, these are effects of the increase and decrease of the demand curve and supply curve on the equilibrium price and quantity.
To learn more about equilibrium price, refer:
https://brainly.com/question/22569960
