Ask Question
BusinessBusiness
20 July, 01:11

What would cause an increase in the equilibrium price of a good?

+1
Answers (1)
  1. 20 July, 04:20
    0
    Demand and supply

    Explanation:

    Demand and supply are the two factors which effect the equilibrium of price. If demand increases and the supplies remains constant the price will increase. On the other hand when demand decrease and the supplies remains constant the price will fall. So these two factors effect the Equilibrium price of a good.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What would cause an increase in the equilibrium price of a good? ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
True or false: the market for digital cable does not exhibit the two primary characteristics that define perfectly competitive markets.
Answers (2)
What other information would you need to be confident that the equation in requirement 2 accurately predicts the cost of manufacturing drink bottles? A.
Answers (1)
Gerald is very good with customers, is friendly, and works well with a team. Which career is Gerald most likely a part of? Nuclear Power Reactor Operator Loading Machine Operator Gas Pumping Station Operator Boiler Operator
Answers (1)
Qing was upset about meeting with the lawyers. They could see risks everywhere and were very good at arguing their position. She strongly believed in her proposal.
Answers (1)
A group of 2-year-old infants are selected for a special program because their iq scores are very low. five years later, most of them have improved. one possible explanation is that the special program produced great benefits.
Answers (1)
New Questions in Business
When dealing with group conflict, a manager should try to increase the ratio of relationship to substantive conflict?
Answers (1)
An architect's compensation package includes the total cost of a $250-per-month health insurance plan, the total cost of a $35-per-month life insurance plan, and a salary of $55,000 per year. What is the yearly value of the compensation package? A.
Answers (1)
401K plans are so named because:
Answers (2)
he direct write-off method of accounting for uncollectible accounts a. emphasizes the matching of expenses with revenues. b. emphasizes balance sheet relationships. c. emphasizes cash realizable value. d.
Answers (1)
Jeremy Osteryoung is buying life insurance for a period of 20 years. It will pay a benefit to his beneficiaries only if he dies during this 20 year period. What type of life insurance has Jeremy purchased?
Answers (1)
Home » Business » What would cause an increase in the equilibrium price of a good?
Sign Up Forgot Password?