QUESTION 2 price will you can a o d decrease. quantity supplied will fall the qu
ID: 1140999 • Letter: Q
Question
QUESTION 2 price will you can a o d decrease. quantity supplied will fall the quantity supplied willw quantity demanded will fall, and the quanity suplid wl QUESTION 3 Which of the following will NOT cause a shift in the demand curve for DVDs? a a change in b a change in the price of a change in the price of prerecorded VHS tapes QUESTION 4 a the study of how the b the study of how business firms 1.1 c C the study of how d the study of how individuals and decide what inputs to hire and what outputs to produce socedes choose to use the scarce alocates tax doilans spend their penerations have provided Cliek Save and Submit ta save arid O Type here to searchExplanation / Answer
(Question 2) Option (b)
An excess demand arises when market price is less than equilibrium price. As a result, price will increase, quantity demanded will decrease and quantity supplied will increase until equilibrium price is reached.
(Question 3) Option (b)
A change in a good's price changes its quantity demanded but not its price.
(Question 4) Option (d)