Due to low rainfall the supply of potatoes decreases. At the same time, the demand for potatoes increases. In a supply and demand diagram, A. the equilibrium quantity rises B. the equilibrium quantity falls C. the change in the equilibrium quantity is ambiguous D. None of the above v.

Due to low rainfall the supply of potatoes decreases. At the same time, the demand for potatoes increases. In a supply and demand diagram, A. the equilibrium quantity rises B. the equilibrium quantity falls C. the change in the equilibrium quantity is ambiguous D. None of the above v.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter6: Consumer Choices

Section: Chapter Questions

Problem 17P: If a 10 decrease in the price of one product that you buy causes an 8 increase in quantity demanded...

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Question

Due to low rainfall the supply of potatoes decreases. At the same time, the demand for
potatoes increases. In a supply and demand diagram,
A. the equilibrium quantity rises
B. the equilibrium quantity falls
C. the change in the equilibrium quantity is ambiguous
D. None of the above
V.

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