Questions from Macroeconomics

Q: There is an increase in preferences for this good:

There is an increase in preferences for this good: The equilibrium price will _______________ and the equilibrium quantity will _______________.

Q: There is an increase in income and this is an inferior good

There is an increase in income and this is an inferior good: The equilibrium price will _____________ and the equilibrium quantity will__________.

Q: Buyers expect the price of this good to fall in the future

Buyers expect the price of this good to fall in the future: The equilibrium price will _______________ and the equilibrium quantity will _______________.

Q: There is an increase in the price of a relevant resource used

There is an increase in the price of a relevant resource used to produce this good: The equilibrium price will _______________ and the equilibrium quantity will _______________.

Q: The price of a substitute for this good decreases.

The price of a substitute for this good decreases. The equilibrium price will _______________ and the equilibrium quantity will _______________.

Q: What will happen if there is an increase in the number of

What will happen if there is an increase in the number of buyers of this good at the same time that subsidies to producers of this good decrease, and demand and supply shift by equal amounts? Th...

Q: What will happen if there is an increase in the price of

What will happen if there is an increase in the price of a complement to this good at the same time that there is an increase in government restrictions for producers of this good, and demand shifts b...

Q: The price of a substitute for this good increase:

The price of a substitute for this good increase: The equilibrium price will _______________ and the equilibrium quantity will _______________.

Q: There is a decrease in income and this is a normal good

There is a decrease in income and this is a normal good: The equilibrium price will _______________ and the equilibrium quantity will _______________.

Q: There is a decrease in the price of a relevant resource used

There is a decrease in the price of a relevant resource used to produce this good: The equilibrium price will _______________ and the equilibrium quantity will _______________.