written by Daurie Augostine

-- written by Daurie Augostine



Wednesday, February 3, 2010

Demand & Supply Answers

1. a decrease in supply; P* rises, Q* falls

2. an increase in demand; P* rises, Q* rises

3. a decrease in supply; P* rises, Q* falls

4. an increase in demand; P* rises, Q* rises

5. an increase in supply; P* falls, Q* rises

6. a decrease in demand; P* falls, Q* falls