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New university is opened in Ahmadi so lots of new families move there
New university is opened in Ahmadi so lots of new families move there.
a. Supply is affected
b. Demand is affected
c. Supply curve is shifted to _____
d. Demand curve is shifted to ______
e. Supply curve moves _____
f. Demand curve moves ______
g. Price (increases or decreases ___________ .
h. (Demand or Quantity Demanded) ______________ (increases or decreases)
There is a shortage of brick
a. Supply is affected
b. Demand is affected
c. Supply curve is shifted to _____
d. Demand curve is shifted to ______
e. Supply curve moves _____
f. Demand curve moves ______
g. Price (increases or decreases ___________ .
h. (Demand or Quantity Demanded) ______________ (increases or decreases)
People’s taste for new homes increase and at the same time the wages of construction workers rise
a. Supply is affected
b. Demand is affected
c. Supply curve is shifted to _____
d. Demand curve is shifted to ______
e. Supply curve moves _____
f. Demand curve moves ______
g. Price (increases or decreases ___________ .
h. (Demand or Quantity Demanded) ______________ (increases or decreases)
Expert Solution
As more and more move to the area, the demand for university will increase while supply remains constant. And thus demand curve will shift rightwards. The rightward shift of the demand curve will lead to increase in equilibrium price and increase in equilibrium quantity.
a. Supply is unaffected
2. Demand curve will move rightwards
c.No shift
d. Demand curve will shift rightwards
e. Unaffected
f. rightwards
g. Increases
h. Increases.
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