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1824902/take ere on the bookmarks bar. Import bookmarks now... supply or demand[

ID: 1141240 • Letter: 1

Question

1824902/take ere on the bookmarks bar. Import bookmarks now... supply or demand[Select ] increase or decrease [Select] market price increase or decrease[Select ] market quantity increase or decrease [ Select l g) Consumers expect car prices to rise in the near future. supply or demandSelect ] increase or decrease Select market price increase or decrease[Select] market quantity increase or decrease I Select) h) Consumers suddenly become more concerried about environment. supply or demandSelect increase or decreaseSelect market price increase or decrease Select market quantity increase or decrease Selcct

Explanation / Answer

g) When consumers expect car prices to rise in near future, then they will demand it more now as the prices are going to rise so they want to buy it now so that they don't need to pay high pices in near fuur for the same car.

So Demand will increases.

As demand increases means demand curve shift rightward, as a result market price will increase and also maket quantity will increase.

Market price- increases

Market quantity- increases.

h) Consumer suddenly become more concerned about environment so they will reduce the demand of the goods which degrade environment like wood, coal etc. to save envionment.

demand for such goods decreases

means demand curve will shift leftward,

As a result both market price and market quantity falls.

Demand will decreases.

Market price- decreases

Market quantity- decreases.

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