Question: If demand decreases and supply increases, but the decrease in demand is greater than the increase in supply, the equilibrium quantity will _________.

If demand decreases and supply increases, but the decrease in demand is greater than the increase in supply, the equilibrium quantity will _________.

Step by Step Solution

★★★★★

3.42 Rating (161 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Microeconomics Questions!

Q:

1. At the current price there is a shortage of a protract. We would expect price to: (a) Increase, quantity demanded to increase, and quantity supplied to decrease (b) Increase, quantity demanded to...

Q:

A typical raindrop is much more massive than a mosquito and falling much faster than a mosquito flies. How does a mosquito survive the impact? Recent research has found that the collision of a...

Q:

1. Figure shows the market for economics textbooks. What will be Figure the value of consumer surplus if the market price is $10? A. $900. B. $600. C. $1500. D. $450. 2. Consider Figure that...

Q:

If demand decreases and supply increases, but the decrease in demand is greater than the increase in supply, the equilibrium quantity will ________________.

Q:

Fill in the blanks: If demand decreases and supply increases, but the decrease in demand is greater than the increase in supply, the equilibrium quantity will _____________.

Q:

1) Which of the following statements is incorrect ? a.if supply declines and demand remains constant, equilibrium price will rise b.if demand decreases and supply increases, equilibrium price will...

Q:

(1) If the supply curve and the demand curve for lettuce both shift to the right by an equal amount, what can we say about the resulting changes in equilibrium price and quantity? Group of answer...

Q:

ECON 3310 1.Which of the following situations would cause a decrease in supply in the market for computers? a.The price of computer chips, an input to produce computers, increases b.The price of...

Q:

Part A. If demand decreases but supply increases at the same time, we can conclude that Equilibrium quantity will decrease, but equilibrium quantity is indeterminate. We require more information to...

Q:

Question 2. Homework #2 International Trade 1. Consider the numerical examples of exercise 1 and 2 on page 52 in Krugman and Obstfeld (8th Edition). Draw the production possibility frontier for each...

Q:

Trading Strategy is Short Strip of November maturity options. Stock is traded at $230 Calls Puts Strike Oct Nov Dec Oct Nov Dec 225 12 18 24 1 6 8 230 6 15 19 3 9 12 235 3 12 17 6 15 19 complete...

Q:

Researchers are attempting to establish the impact of graduate degree type (public, private), employment level (manager, banker) on the satisfaction level of retire employees on the retirement system...

Q:

4 Assume the following: 1 . Estimated fixed manufacturing overhead for the coming period of \ ( \ $ 2 0 6 , 0 0 0 \ ) 2 . Estimated variable manufacturing overhead of \ ( \ $ 2 . 0 0 \ ) per direct...

Q:

the average number of times each dollar is spent on final goods and services in a year Match each term with its correct definition by placing the appropriate letter next to the corresponding number....

Q:

What are the arguments for and against having monetary policy more directly controlled by the political process?

Q:

If the money supply increases and velocity does not change, what will happen to nominal GDP?

Q:

Will an increase in the money supply increase or decrease the short-run equilibrium nominal interest rate, other things being equal?

Q:

Copland Components manufactures an electronic device for vehicle manufacturing. The current standard cost sheet for a device follows: Assume that the following data appeared in Copland's records at...

Q:

22. Which type of hedge would a wheat farmer select? A. A long hedge-buy wheat futures contracts as a hedge against a decline in the price of wheat B. A short hedge-sell wheat futures contracts as a...

Q:

Assets Liabilities Equity a. - NE - b. + + NE c. +,- NE NE d. NE + - e. No transaction Use the following chart to answer how each transaction affects the accounting equation for the transactions...