What is supply side economics

Q: how does this impact the demand

A: In economics, the term "demand" refers to a consumer's willingness to pay a specific price for goods…

Q: How do you think will a decrease in price of camera affect demand for a film?

A: Camera and films are complementary goods i.e. they are used together. When the price of the camera…

Q: How do you show a decrease in demand graphically? What happens to equilibrium price and quantity?

A: Demand= It means the desire of a consumer for purchasing a good or service along with the…

Q: What would happen to demand for video games if Ubisoft produced a video game everybody says is the…

A: In the given chart the different price level of a video game is given along with its demand and…

Q: if supply decreases by 30%, would the price increases by the same amount? if not, why

A: A decrease in supply will make the harmony price rise; the amount requested will decrease. To figure…