Answer: The equilibrium quantity unambiguously increases. The effect on the equilibrium price is ambiguous. The equilibrium price rises if the increase in demand exceeds the increase in supply. The equilibrium price falls if the increase in supply exceeds the increase in demand. The equilibrium price...
如果是普通消费品，消费者的收入提高会导致需求增加，继而导致价格上升。例如你的工资从3000变成8000，你可能就会考虑买一台新的游戏机。如果是低档消费品，消费者的收入提高反而会导致需求减小。例如最便宜的方便面。你的工资从3000变成8000，你可能就想吃鱼吃肉了，而不吃方便面了。
翻译The income effect refers to the effect on price and quantity demanded brought about by a changeThe income effect refers to the effect on price and quantity demanded brought about by a change in consumer income 相关知识点: 试题来源: 解析 所谓的“收入效应”指的是消费者的收入变化对产品的...
次生话按体装江打至共入What is the effect on the price and quantity of wooden desks of a rise in
Under stochastic demand pattern, the impact of retail price, e-tail price, promotional effort, feedback effect and products’ compatibility are discussed in present dual channel supply chain model. We assume manufacturers act as channel leaders. We have developed the model considering both the ...
In this case, the curves are drawn without specific numbers on the price and quantity axis. Step 2. Did the change described affect supply or demand? Show Answer Step 3. Was the effect on demand positive or negative? Show Answer Step 4. Compare the new equilibrium price and quantity ...
Time-varying comparison of the effectiveness of China鈥檚 price- and quantity-based monetary policy tools: an empirical analysis based on the TVP-FA-S-VAR ... In order to compare the effectiveness of China鈥檚 price- and quantity-based monetary policy tools over time, we develop a structural...
Price ceilings have their advantages in the short term but they can become a problem if they continue for too long or when they're set too far below the market equilibrium price when the quantity demanded equals the quantity supplied. Demand can skyrocket when this happens, leading to shortages...
Fig. 147Price effect. price effect the effect of a change inPRICEupon the quantity demanded of a product. In theTHEORY OF DEMAND, the price effect can be subdivided into theSUBSTITUTION EFFECTand theINCOME EFFECT. In Fig. 147, a consumer has an initialBUDGET LINEXY (which shows the differe...
When uncertainty is exogenous, we analyze the effect of the slope of marginal costs, the nature of the demand disturbance, and the curvature of demand on firms' propensities to complete with price or quantity as the strategic variable. These three factors are likely to influence the nature and...