T/F if the demand curve increases but the supply curve decreases, price increases but quantity depends on the size of the shift, or is indeterminant.

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16-12-2022
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T/F if the demand curve increases but the supply curve decreases, price increases but quantity depends on the size of the shift, or is indeterminant.

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rafikiedu18 rafikiedu18 · Answer 1 · 2022-12-20T18:06:07+01:00

If the demand curve increases but the supply curve decreases, the price increases but quantity depends on the size of the shift or is indeterminant: TRUE

If the demand curve increases but the supply curve decreases, the price increases but quantity depends on the size of the shift or is indeterminant. When shifting both the demand and the supply curves simultaneously, each shift must be drawn roughly the same.

Demand refers to the client's desire and willingness to shop for a service or product at a given length or over time. consumers need to also be capable of paying for something they want or need as determined with the aid of their disposable earnings budget.

Demand is a monetary idea that relates to a patron's desire to purchase goods and services and willingness to pay a selected price for them. Growth in the fee of a great or service has a tendency to decrease the amount demanded.

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