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Econ > 4: Equilibrium > Flashcards

4: Equilibrium Flashcards

(16 cards)

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1
Q

The demand curve shifts to the left. What will happn to equil price and equil quanity?

A

Price will decrease and quanity will decrease

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2
Q

Rightward shift in supply curve. Whar will happen to equil price and equil quanity

A

Price will decrease and quanity will increase

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3
Q

There is a leftward shift in supply curve. What will happen to equil price and equil quanity?

A

Price will increase and quanity will decrease

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4
Q

Cars are a normal good. And increase in incomes of people who buy. What will happen to equil price and equil quanity?

A

Price will increase and quanity will increase

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5
Q

Milk in an input of lattes. Increase in price of milk what will happen to equil price and equal quanity?

A

Price will increase and quanity will decrease

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6
Q

There is a decrease in the number of sellers. What will happen to equil price and equil quanity?

A

Price will increase and quanity will decrease

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7
Q

Slime is and inferior good. Increase incomes will do what to equil price and equil quanity?

A

Price will decrease and quanity will decrease

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8
Q

New technology to produce more without using aditional resources. What will happen to equil price and quanity?

A

Price will decrease and quanity will increase

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9
Q

Increase number of buyer. What will happen to equil price and equil quanity?

A

Price will increase and quanity will increase

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10
Q

Hot dogs and mustard are compliments. Decrease in price of mustard. Will happen to equil price and equil quanity?

A

Price will increase and quanity will increase

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11
Q

Oranges and grape fruit are compliments. Decrease in price if oranges. What will happen to equil price and equil quanity?

A

Price will decrease and quanity will decrease

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12
Q

Titanium is input of implants. Decrease in price if titanium. What will happen to equil price and equil quanity?

A

Price will decrease and quanity will increase

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13
Q

Supply curve is vertical. Normal good. Increase in incomes. What will happen to equil price and equil quanity?

A

Price will increase and quanity will stay the same

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14
Q

Demand shifts right and supply shifts left. What will happen to equil price and equil quanity?

A

Price will increase and quanity cant be determind

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15
Q

Left shift in demand and left shift in supply. What will happen to equil price and equil quanity?

A

Price is undetermined and quanity will decrease

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16
Q

The demand shifts to the right. What will happen to equil price and equil quanity

Study These Flashcards
A

Price will increase and quanity will increase

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