21.Supposethatdemandforagoodincreasesand,atthesametime,supplyofthegooddecreases.What wouldhappeninthemarketforthegood? a.Equilibriumpricewoulddecrease,buttheimpactonequilibriumquantitywouldbeambiguous. b.Equilibriumpricewouldincrease,buttheimpactonequilibriumquantitywouldbeambiguous. c.Equilibriumquantitywoulddecrease,buttheimpactonequilibriumpricewouldbeambiguous. d.Equilibriumquantitywouldincrease,buttheimpactonequilibriumpricewouldbeambiguous. 22.Supposethatdemandforagooddecreasesand,atthesametime,supplyofthegooddecreases.Whatwouldhappeninthemarketforthegood? a.Equilibriumpricewoulddecrease,buttheimpactonequilibriumquantitywouldbeambiguous. b.Equilibriumpricewouldincrease,buttheimpactonequilibriumquantitywouldbeambiguous. c.Equilibriumquantitywoulddecrease,buttheimpactonequilibriumpricewouldbeambiguous. d.Equilibriumquantitywouldincrease,buttheimpactonequilibriumpricewouldbeambiguous. Table4-9 AnIncreaseinSupply ADecreaseinSupply AnIncreaseinDemand A B ADecreaseinDemand C D 23.RefertoTable4-9.Whichcombinationwouldproduceanincreaseinequilibriumquantityandanindeterminatechangeinequilibriumprice? a.A b.B c.C d.D 24.RefertoTable4-9.Whichcombinationwouldproduceanincreaseinequilibriumpriceandanindeterminatechangeinequilibriumquantity? a.A b.B c.C d.D 25.RefertoTable4-9.Whichcombinationwouldproduceadecreaseinequilibriumpriceandanindeterminatechangeinequilibriumquantity? a.A b.B c.C d.D 26.RefertoTable4-9.Whichcombinationwouldproduceadecreaseinequilibriumquantityandanindeterminatechangeinequilibriumprice? a.A b.B c.C d.D Table4-10 Thefollowingtableshowsthenumberofcasesofwatereachselleriswillingtosellatthepriceslisted. Pricepercase AlpineSprings BrookMountain CascadeWaters DewGood $0.00 0cases 0cases 0cases 0cases $3.00 100cases 40cases 60cases […]