**Question 10:** If the supply curve shifts right and the demand curve remains unchanged, predict the outcome in terms of price and quantity.- ○ Price increases; quantity increases- ○ Price decreases; quantity increases- ○ Price increases; quantity increases, decreases, or is unchanged- ○ Price increases; quantity decreases**Explanation:** In economics, when the supply curve shifts to the right, it indicates an increase in supply. If the demand curve remains unchanged, the typical outcome is a decrease in price and an increase in quantity, as more goods are available to meet the same level of demand.

Answered: 10 If the supply curve shifts right and…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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9. When the demand curve shifts, the change in equilibrium price will be larger the moreelastic the supply curve.(a) True(b) False
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Unanswered Submit E1 Q4 Homework Unanswered Due Today, 10:20 AM The following shows the monthly demand and supply of bread loaves in my neighborhood. What is the EQUILIBRIUM PRICE of a loaf of bread? Price $0 Quantity Demanded Quantity Supplied 12 0 $2.00 10 10 $4.00 $6.00 $8.00 $10.00 $12.00 86 42 O 20 30 50 80 0 120 Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a $2.00 $4.00 C $6.00 $10.00

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10 If the supply curve shifts right and the demand curve remains unchanged price increases; quantity increases price decreases; quantity increases price increases; quantity increases, decreases or is unchanged price increases; quantity decreases