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The price of Apple has increased. Due to this the supply of apple will rise.
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- A decrease in supply causes the price of coffee to fallThe Demand for a good always increase with the increase in the prices of other goods True/FalseType the correct answer in the box. Spell all words correctly. Vivian conducted market research on her company’s products. She found that after the company raised the price of its product by $1.50, the demand in the uptown region remained the same with only minor fluctuations. However, she found that the demand in the downtown region dropped by 20 percent after the price change. How should Vivian take these demands into consideration? In a situation where demand differs in different areas, Vivian should consider the demand.
- The equilibrium price means that the supply and demand for a product are in balance.True or FalseIf there is an increase in supply for a product, how will market equilibrium be restored? As the product's price decreases, the quantity demanded increases until a new equilibrium is gained. As the product's price increases, the quantity demanded decreases until a new equilibrium is gained As the product's price increases, the quantity demanded increases until a new equilibrium is gained. As the product's price decreases, the quantity demanded decreases until a new equilibrium is gained.Suppose that the equilibrium price of french fries rises while the equilibrium quantity falls. The most likely explanation for these changes is Multiple Choice a decrease in demand for french fries a decrease in the supply of french fries. an increase in demand for french fries
- How does the equilibrium price and quantity change when here are bad rumors about a product? Are there any changes or none? Provide a graph of your answerConsumers are told that the consumption of cauliflower will significantly reduce the risk of cancer. Which of these scenarios is likely to happen in the cauliflower market? A) The supply curve will shift to the right, causing the price of cauliflower to rise. B) The supply curve will shift to the right, causing the price of cauliflower to fall. C) The demand curve will shift to the right, causing the price of cauliflower to rise. D) The demand curve will shift to the left, causing the price of cauliflower to fall.If the quantity demanded = 300 - 10p and the quantity supplied = 100 + 15p find the value of the price
- Draw the supply and demand curve for TVs. Doctors discover that watching HD TV prevents cancer. What happens to the supply or demand for TVs? Why?Does a huge supply of a product lower or higher the price of a product?How do apple growers react to the news of medical research findings that suggest that eating apples leads to greater health benefits than were previously known? They increase the supply of apples. They increase the quantity of apples supplied. They decrease the supply of apples. They decrease the quantity of apples supplied.