In a School year 2020, at a University which requires that all students must take Accounts as a core requirement. The University Bookshop made their order for Accounts Textbook based on the number of registered students in the last academic year. Using the list of options of possible impacts, select what is happening in the following markets. Select the impact if any on i.Supply ii.Price iii.Quanity iv.Demand
In a School year 2020, at a University which requires that all students must take Accounts as a core requirement. The University Bookshop made their order for Accounts Textbook based on the number of registered students in the last academic year. Using the list of options of possible impacts, select what is happening in the following markets. Select the impact if any on i.Supply ii.Price iii.Quanity iv.Demand
Chapter4: Markets In Action
Section: Chapter Questions
Problem 2SQ
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In a School year 2020, at a University which requires that all students must take Accounts as a core requirement. The University Bookshop made their order for Accounts Textbook based on the number of registered students in the last academic year.
Using the list of options of possible impacts, select what is happening in the following markets. Select the impact if any on
i.Supply
ii.Price
iii.Quanity
iv.Demand
Transcribed Image Text:Excess demand
Decrease equilibrium quantity
Shift outwards / to right
Decrease equilibrium price
Shift outwards / to right
No impact
Increase equilibrium quantity
Change in price uncertain
Change in quantity uncertain
Shift inwards / to left
Increase equilibrium price
Excess supply
Increase towards equilibrium
Decrease towards equilibrium
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