Market for Box Fans WE'RE IN THE MIDDLE OF A 100-DEGREE HEAT WAVE! HOW COULD YOU SELL OUT OF FANS?! WHERE ARE I'M SORRY, WEVE YOUR BOX TANSPA SOLD OUT OF THEM Impact on demand Choose. Impact on supply Choose. Impact on price Choose. Impact on quantity Choose.
Market for Box Fans WE'RE IN THE MIDDLE OF A 100-DEGREE HEAT WAVE! HOW COULD YOU SELL OUT OF FANS?! WHERE ARE I'M SORRY, WEVE YOUR BOX TANSPA SOLD OUT OF THEM Impact on demand Choose. Impact on supply Choose. Impact on price Choose. Impact on quantity Choose.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Carefully explain what is happening in the following markets. Indicate the impact if any on demand , supply and quantity
Impact on supply
a. Decrease towards equilibrium
b. Increase equilibrium quantity
c. Shift inwards/ to left
d. Increase towards equilibrium
e. Change in quantity uncertain
fExcess demand
g. Change in price uncertain
h. Excess supply
k. Decrease equilibrium price
l. Shift outwards to right
m. Increase equilibrium price
Impact on demand
a. Decrease towards equilibrium
b. Increase equilibrium quantity
c. Shift inwards/ to left
d. Increase towards equilibrium
e. Change in quantity uncertain
f. Excess demand
g. Change in price uncertain
h. Excess supply
k. Decrease equilibrium price
l. Shift outwards to right
m. Increase equilibrium price
Impact on price
a. Decrease towards equilibrium
b. Increase equilibrium quantity
c. Shift inwards/ to left
d. Increase towards equilibrium
e. Change in quantity uncertain
f. Excess demand
g. Change in price uncertain
h. Excess supply
k. Decrease equilibrium price
l. Shift outwards to right
m. Increase equilibrium price
Impact on quantity
a. Decrease towards equilibrium
b. Increase equilibrium quantity
c. Shift inwards/ to left
d. Increase towards equilibrium
e. Change in quantity uncertain
f. Excess demand
g. Change in price uncertain
h. Excess supply
k. Decrease equilibrium price
l. Shift outwards to right
m. Increase equilibrium price
Transcribed Image Text:Scenario 2:
Market for Box Fans
WHERE ARE
I'M SORRY, WE VE
WE'RE IN THE MIDDLE OF A
YOUR BOX FANS? A SOLD OUT OF THEM
100-DEGREE HEAT WAVE! HOW
COULD YOU SELL OUT OF FANS?!
Impact on demand Choose.
Impact on supply
Choose.
Impact on price
Choose.
Impact on quantity Choose.
man Fast
Det y R Features Suricate,
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