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Economics equilibrium help?
For each of the following indicate what happens to equilibrium price and equilibrium quantity this period, using standard demand and supply analysis:
A. What happens in the market for ground beef if the price of chicken rises
B. What happens in the market for used furniture if income rises
C. What happens in the market for peanut butter if the price of peanuts falls
D. What happens in the market for rental housing if suppliers expect rental prices to rice in the future
E. What happens in the automobile market if the price of aluminum rises
F. What happens in the market for rental housing if the government imposes a regulation banning long term rental of single room hotel units
2 Answers
- Anonymous4 years ago
yes
- Anonymous4 years ago
A the demand for ground beef will shift to the right.Price and quantity will increase.
B. The demand for furniture will shift to the right. Quantity and price will increase.