Carefully examine the picture attached and state what is happening in the following markets and indicate if: Impact on demand? a. Excess supply b. increase towards equilibrium c. decrease equilibrium quantity d. Shift outwards/ to right e. decrease equilibrium price f. Increase equilibrium quantity g. Excess demand h. Change in quantity uncertain I. decrease towards equilibrium j. Change in price uncertain k. No impact l. Shift inwards/ to left Impact on supply? a. Excess supply b. increase towards equilibrium c. decrease equilibrium quantity d. Shift outwards/ to right e. decrease equilibrium price
Carefully examine the picture attached and state what is happening in the following markets and indicate if:
Impact on
a.
b. increase towards equilibrium
c. decrease
d. Shift outwards/ to right
e. decrease
f. Increase equilibrium quantity
g. Excess demand
h. Change in quantity uncertain
I. decrease towards equilibrium
j. Change in price uncertain
k. No impact
l. Shift inwards/ to left
Impact on supply?
a. Excess supply
b. increase towards equilibrium
c. decrease equilibrium quantity
d. Shift outwards/ to right
e. decrease equilibrium price
f. Increase equilibrium quantity
g. Excess demand
h. Change in quantity uncertain
I. decrease towards equilibrium
j. Change in price uncertain
k. No impact
l. Shift inwards/ to left
Impact on price?
a. Excess supply
b. increase towards equilibrium
c. decrease equilibrium quantity
d. Shift outwards/ to right
e. decrease equilibrium price
f. Increase equilibrium quantity
g. Excess demand
h. Change in quantity uncertain
I. decrease towards equilibrium
j. Change in price uncertain
k. No impact
l. Shift inwards/ to left
Impact on quantity?
a. Excess supply
b. increase towards equilibrium
c. decrease equilibrium quantity
d. Shift outwards/ to right
e. decrease equilibrium price
f. Increase equilibrium quantity
g. Excess demand
h. Change in quantity uncertain
I. decrease towards equilibrium
j. Change in price uncertain
k. No impact
l. Shift inwards/ to left
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