If a surplus exists in a market then we know that the actual price is

16. If a surplus exists in a market, then we know that the actual price is a, above the equilibrium price, and quantity supplied is greater than quantity demanded. b. above the equilibrium price, and quantity demanded is greater than quantity supplied e below the equilibrium price, and quantity demanded is greater than quantity supplied d below the equilibrium price, and quantity supplied is greater than quantity demanded. 17. When a shortage exists in a market, sellers a. raise price, which increases quantity demanded and decreases quantity supplied until the shortage is eliminated (6. Jaise price, which decreases quantity demanded and increases quantity supplied until the shortage is eliminated. c. lower price, which increases quantity demanded and decreases quantity supplied until the shortage is eliminated. d. lower price, which decreases quantity demanded and increases quantity supplied until the shortage is eliminated. 18. The current price of blue jeans is $30 per pair, but the equilibrium price of blue jeans is S25 per pair. As a result, a) the quantity supplied of blue jeans exceeds the quantity demanded of blue jeans at the $30 price. b. the equilibrium quantity of blue jeans exceeds the quantity demanded at the $30 price. c. there is a surplus of blue jeans at the $30 price. d. All of the above are correct. 19. A decrease in input costs to firms in a market will result in a(n) 6. decrease in equilibrium price and an increase in equilibrium quantity. b. decrease in equilibrium price and a decrease in equilibrium quantity. c. increase in equilibrium price and a decrease in equilibrium quantity. d. increase in equilibrium price and an increase in equilibrium quantity 20. Suppose the income of buyers in a market for an inferior good decreases and a technological advancement occurs also. What would we expect to happen in the market? a. Equilibrium price would decrease, but the impact on equilibrium quantity would be ambiguous. b. Equilibrium quantity would increase, but the impact on equilibrium price would be ambiguous. c. Equilibrium quantity would decrease, but the impact on equilibrium price would be ambiguous. d. None of the above is correct. Good Luck! 16. If a surplus is present in a market, after that everyone knows your genuine rates is a, throughout the stability expense, and amount offered exceeds amount demanded. b. throughout the stability expense, and amount demanded exceeds amount offered age beneath the stability expense, and amount demanded exceeds amount offered d beneath the stability expense, and amount offered exceeds amount demanded. 17. When a shortage is present in a market, suppliers a. raise expense, which increases amount demanded and reduces amount offered before shortage is eliminated (6. Jaise expense, which reduces amount demanded and increases amount offered before shortage is eliminated. c. low priced, which increases amount demanded and reduces amount offered before shortage is eliminated. d. low priced, which reduces amount demanded and increases amount offered before shortage is eliminated. 18. The present price of blue jeans is $30 per ready, nevertheless the stability price of blue jeans is S25 every ready. Due to this, a) the quantity offered of blue jeans surpasses the quantity demanded of blue jeans on $30 expense. b. the total amount quantity of blue jeans surpasses the quantity demanded on $30 expense. c. there may be a surplus of blue jeans on $30 expense. d. Each of the overhead tend to be correct. 19. A decrease in feedback costs to organizations in a market can cause a(letter) 6. drop in stability expense and a growth in stability amount. b. drop in stability expense and a decrease in stability amount. c. boost in stability expense and a decrease in stability amount. d. boost in stability expense and a growth in stability amount 20. Believe the wages of customers in a market for a substandard great decreases and a technological development takes place furthermore. Precisely what would we anticipate to happen available for sale? a. Equilibrium expense would reduce, nevertheless the impact on stability amount is uncertain. b. Equilibrium amount would boost, nevertheless the impact on stability expense is uncertain. c. Equilibrium amount would reduce, nevertheless the impact on stability expense is uncertain. d. Nothing linked to the overhead is correct. Best Wishes!
profits the quantity demanded permanently decreases for a substandard
17. option b. As expense and amount
the necessity the fee decreases.
20. option b. Due to the boost in
required tend to be inversely linked
16. option d. When offer exceeds

18. option a. Because the rates is
greater than stability expense

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