Consider a simple inverse-demand and inverse-supply situation with inverse demand and supply given, respectively, by the...

 

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Consider a simple inverse-demand and inverse-supply situation with inverse demand and supply given, respectively, by the two equations: Inverse Demand: p=h(a) - y, where h = ôh(-)/ô < 0; Inverse Supply: p=y+ g(B), where gs = ôg(-)/0B < 0. Along the inverse-demand schedule: The qualitative impacts of a unit increase in the endogenous variable 'y' on the endogenous variable 'p' is: A. Negative B. Indeterminate C. Positive D. All of the above E. None of the above Consider a simple inverse-demand and inverse-supply situation with inverse demand and supply given, respectively, by the two equations: Inverse Demand: p=h(a) - y, where h = ôh(-)/ô < 0; Inverse Supply: p=y+ g(B), where gs = ôg(-)/0B < 0. Along the inverse-demand schedule: The qualitative impacts of a unit increase in the endogenous variable 'y' on the endogenous variable 'p' is: A. Negative B. Indeterminate C. Positive D. All of the above E. None of the above

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