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16 March, 16:47

In the following question you are asked to determine, other things equal, the effects of a given change in a determinant of demand or supply for product X upon (1) the demand (D) for, or supply (S) of, X; (2) the equilibrium price (P) of X; and (3) the equilibrium quantity (Q) of X rise sharply in the future will A) increase D, decrease P, and increase QB) decrease S, increase P, and increase QC) increase S, increase P, and increase Q. D) increase D, increase P, and increase Q

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  1. 16 March, 19:23
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    decrease D, decrease P, and decrease Q.

    Explanation:

    The determinants of demand are factors that cause fluctuations in the economic demand for a product or a service.
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