Question: please help me solve this Problem: Assume there is a shift in supply and demand for a product where there is a large decrease in
please help me solve this



Problem: Assume there is a shift in supply and demand for a product where there is a large decrease in demand and supply stays unchanged. Note: Indicate whether Quantity and Price increases, decreases or is indeterminate (stays unchanged). What happens to each of the following? Price: Quantity: Use the worksheet to solve this problem then select your answer from one the four choice below. Price Quantity O Price increases and Quantity increases O Price increases and Quantity decreases O Price decreases and Quantity decreases O Price decreases and Quantity increasesProblem: Assume there is a shift in supply and demand for a product where there is a small decrease in demand and a small increase in supply. Note: Indicate whether Quantity and Price increases, decreases or is indeterminate (stays unchanged). What happens to each of the following? Price: Quantity: Use the worksheet to solve this problem then select your answer from one the four choice below. Price Quantity O Price increases and Quantity increases Price is indeterminant and Quantity decreases Price decreases and Quantity decreases O Price decreases and Quantity is indeterminantProblem: Assume there is a shift in supply and demand for a product where there is a small increase in demand and a large increase in supply. Note: Indicate whether Price: _ and Quantity: _ increases, decreases or is indeterminate (stays unchanged). What happens to each of the following? Price: ? Quantity: :2 Use the worksheet to solve this problem then select your answer from one the four choice below. Price increases and Quantity increases Price is indeterminant and Quantity decreases Price decreases and Quantity increases Price decreases and Quantity is indeterminant
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