When the demand curve and the supply curve both shift, Ask an Expert

Economics

When the demand curve and the supply curve both shift rightward at the same time (and that's the only information we have about this change) we can say that

the change in quantity is ambiguous but price definitely will fall

the change in quantity is ambiguous but price definitely will rise

the change in price is ambiguous but quantity definitely will fall

the change in price is ambiguous but quantity definitely will rise

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M91723535

Have any Question?Write your Review or question?

Related Questions in Business Economics

Assume that these data are seven random observations taken

Assume that these data are seven random observations taken from a larger population whose values are normally distributed. (even if this assumption makes little sense) Using this assumption, coupled with prior computatio ...

What are some challenges in delivering health services in

What are some challenges in delivering health services in the peripheral areas?

What is the effect of changes in gasoline prices on the

What is the effect of changes in gasoline prices on the demand for restaurant meals? Is gasoline an economic complement of restaurant meal Are restaurant meals an economic complement of gasoline

Explain the real-nominal principle in detail this is from

Explain the real-nominal principle in detail? This is from Economics course.

The average cell phone bill is 78 with a standard deviation

The average cell phone bill is 78 with a standard deviation of 10. What is the minimum percentage of cell phone bills that will be between 54 and 102?

If we compare and contrast the four market structures it is

If we compare and contrast the four market structures, it is evident that one market structure is most practiced and evident in the United States. It is the one that promotes and strives on competition. It is the one tha ...

Do you think that the taxicab industry in large cities

Do you think that the taxicab industry in large cities would be subject to significant economies of scale? Why or why not?

Consider the following production function that is already

Consider the following production function that is already written in per worker terms: y = Akαh 1-α where h represents human capital per worker. Suppose we are given the following information: capital per worker in an e ...

Out of 140 randomly selected kindergartners who were

Out of 140 randomly selected kindergartners who were surveyed, 32 said that pancakes are their favorite breakfast food. Construct and interpret a 90% confidence interval for the percentage of all kindergartners who say p ...

A random sample of the closing stock prices in dollars for

A random sample of the closing stock prices in dollars for a company in a recent year is listed below. Assume that sigma σ is ?$2.59. Construct the 90?% and 99?% confidence intervals for the population mean. Interpret th ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert