68 388
Assignments Done
98,5%
Successfully Done
In December 2018

Answer to Question #45002 in Economics of Enterprise for YOSEF ADAM

Question #45002
1 Given market equilibrium of demand and supply of sugar,what happens to the level of equilibrium price and quantity if market demand increases by 50% while its supply increases by 40% ?
Expert's answer
The equilibrium price will increase by 50 - 40 =10% and equilibrium quantity will increase by 40 + 50 = 90%. 

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Comments

No comments. Be first!

Leave a comment

Ask Your question

Submit
Privacy policy Terms and Conditions