Description
Description
02.08.2021 • 
Business

The effects of a given change in a determinant of demand or supply for product X upon (1) the demand (D) for, or supply (S) of, X; (2) the equilibrium price (P) of X; and (3) the equilibrium quantity (Q) of X. An increase in the prices of resources used to produce X will: a. decrease S, increase P, and decrease Q.

b. decrease S, decrease P, and decrease Q.

c. increase S, increase P, and increase Q.

d. increase D, increase P, and increase Q.

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