Equilibrium price and quantity of golf clubs
Course:- Microeconomics
Reference No.:- EM1366851

Assignment Help
Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Microeconomics

Suppose that both the equilibrium price and quantity of golf clubs rise. Which of the following explanations would best explain this outcome?

a. A decrease in demand for golf clubs with no change in supply.

b. An increase in supply of golf clubs with no change in demand.

c. A decrease in demand for golf clubs and a decrease in the supply of mustard.

d. An increase in demand for golf clubs with no change in supply.

Put your comment

Ask Question & Get Answers from Experts
Browse some more (Microeconomics) Materials
List the stages of instructional design. List at least two appropriate training methods for delivering the diversity training. List at least two appropriate employee developme
What is the percent value of a perpetual stream of cash flow that pays $30,000 at the end of year one and then grows at a rate of 3% per year indefinitely? The rate of interes
What do we mean when we talk about "leading indicators"? Just what is a leading indicator anyway - Discuss one of the most important areas of economics, namely the use of lea
A firm that sells e-books – books in digital form downloadable from the Internet – sells all e-books relating to do-it-yourself topics home plumbing, gardening, and so on at t
If you assign one worker per computer, what Is the cost of Inventorying a single item? What if you assign two workers per computer? What is the cost of inventorying a single i
Explain the connections that exist between female labor force participation and divorce. Use your analysis to predict the patterns of divorce and female labor force particip
Recall that the Law of Demand states that demand curves are always downward-sloping. That is, people want to buy more of some good when its price is lower. Why is a firm’s sho
In the competitive market at a price of $50 and cost function of C=50+5Q2 find out the maximum profit? Show how the solution was reached.