In the graph above, suppose equilibrium is at point D. The price of the good is expected to rise in the future, then equilibrium will A. shift to point A. B. shift to point B. C. shift to point C. D. remain at point D.

Q: Suppose that today the market for homes is in equilibrium. Tomorrow both the supply and demand…

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Q: Table 2.21 P, ($) 5 4 3 1 QD, 5,000 6,000 7,000 8,000 9,000 QS, 1,000 4,000 7,000 10,000 13,000

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A: Introduction Market demand and supply must balance one another to reach equilibrium, which leads to…

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A: As per law of demand, quantity and price are inversely related.