Table 4-9
The following table shows the supply and demand schedules in a market.
$$\begin{array} { | l | l | l | }
\hline \text { Price (\$) } & \begin{array} { l }
\text { Quantity } \
\text { Demanded } \
\text { (units) }
\end{array} & \begin{array} { l }
\text { Quantity } \
\text { Supplied } \
\text { (units) }
\end{array} \
\hline 0 & 50 & 0 \
\hline 2 & 40 & 15 \
\hline 4 & 30 & 30 \
\hline 6 & 20 & 45 \
\hline 8 & 10 & 60 \
\hline 10 & 0 & 75 \
\hline
\end{array}$$
-Refer to Table 4-9. If the supply curve shifts to the right, will the price in this market rise or fall?

Question

Table 4-9
The following table shows the supply and demand schedules in a market.
 $$\begin{array} { | l | l | l | } 
\hline \text { Price (\$) } & \begin{array} { l } 
\text { Quantity } \
\text { Demanded } \
\text { (units) }
\end{array} & \begin{array} { l } 
\text { Quantity } \
\text { Supplied } \
\text { (units) }
\end{array} \
\hline 0 & 50 & 0 \
\hline 2 & 40 & 15 \
\hline 4 & 30 & 30 \
\hline 6 & 20 & 45 \
\hline 8 & 10 & 60 \
\hline 10 & 0 & 75 \
\hline
\end{array}$$
-Refer to Table 4-9. If the supply curve shifts to the right, will the price in this market rise or fall?

Quizplus · Accepted Answer

The Answer of Table 4-9
The following table shows the supply and demand schedules in a market.
 $$\begin{array} { | l | l | l | } 
\hline \text { Price (\$) } & \begin{array} { l } 
\text { Quantity } \
\text { Demanded } \
\text { (units) }
\end{array} & \begin{array} { l } 
\text { Quantity } \
\text { Supplied } \
\text { (units) }
\end{array} \
\hline 0 & 50 & 0 \
\hline 2 & 40 & 15 \
\hline 4 & 30 & 30 \
\hline 6 & 20 & 45 \
\hline 8 & 10 & 60 \
\hline 10 & 0 & 75 \
\hline
\end{array}$$
-Refer to Table 4-9. If the supply curve shifts to the right, will the price in this market rise or fall?

Table 4-9 the Following Table Shows the Supply and Demand

Table 4-9
the Following Table Shows the Supply and Demand