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In the following question you are asked to determine, other things equal, the effects of a given change in a determinant of demand or supply for product X upon (1) the demand (D) for, or supply (S) of, X: (2) the equilibrium price (A of X: and (3) the equilibrium quantity (Q of X. An Increase in the number of firms producing X will Multiple Choice Increase S. decrease P. and Increase O decrease S. increase P. and decrease Q. Increase S. Increase P. and Increase Q. decrease S. decrease P. and increase Q. shift S left with no change in Pand Q. O O O

In the following question you are asked to determine, other things equal, the effects of a given change in a determinant of demand or supply for product X upon (1) the demand (D) for, or supply (S) of, X: (2) the equilibrium price (A of X: and (3) the equilibrium quantity (Q of X. An Increase in the number of firms producing X will Multiple Choice Increase S. decrease P. and Increase O decrease S. increase P. and decrease Q. Increase S. Increase P. and Increase Q. decrease S. decrease P. and increase Q. shift S left with no change in Pand Q. O O O

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In the following question you are asked to determine, other things equal, the effects of a glven change In a determinant of demand or supply for product X upon (1) the demand (D) for, or supply (S) of, X; (2) the equilibrlum price (P) of X; and (3) the equlibrlum quantity (Q) of X. An Increase In the number of firms producing X will Multiple Cholce Increase S. decrease P, and Increase Q. decrease S. Increase P, and decrease Q. Increase Increase P, and Increase Q. decrease S. decrease P, and Increase Q. shift S left with no change In Pand Q.
Transcribed Image Text:In the following question you are asked to determine, other things equal, the effects of a glven change In a determinant of demand or supply for product X upon (1) the demand (D) for, or supply (S) of, X; (2) the equilibrlum price (P) of X; and (3) the equlibrlum quantity (Q) of X. An Increase In the number of firms producing X will Multiple Cholce Increase S. decrease P, and Increase Q. decrease S. Increase P, and decrease Q. Increase Increase P, and Increase Q. decrease S. decrease P, and Increase Q. shift S left with no change In Pand Q.
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