Which of the following would lead to a change in both the quantity of a good buyers wish to purchase and in the quantity sellers wish to sell?
A) a change in the price of a substitute good
B) a change in buyers' incomes
C) a change in the price of a key input
D) a technological improvement
E) a change in the expected future price of the good
Correct Answer:
Verified
Q100: If the price of leather (an input
Q101: When a market is in equilibrium,
A) quantity
Q102: Q103: An increase in supply could be caused Q104: If the same dairy can produce either Q106: If an improvement in production technology causes Q107: If sellers decide to sell more calculators Q108: If the resource prices faced by a Q109: If steel manufacturers expected that the price Q110: Which of the following would shift the
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