ECON 2030 Final: Final Review (got the best grade in class)
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As a result of this fee decrease the equilibrium price of stock will and the equilibrium quantity of stock transacted will , everything else held constant: be ambiguous; increase, be ambiguous; decrease, be ambiguous; be ambiguous, decrease; be ambiguous, suppose you observe a market in which, at a given point i time, the quantity consumers are willing and able to purchase is the quantity producers are willing and able to sell. Thus we say that there is a shortage of the good and over time, everything else held constant, the price in the market will : less than; decrease, greater than; increase, less than; increase, greater than; decrease, suppose green grocer artie ran a 20 percent off sale on artichokes last week, but his revenues from selling artichokes decreased from the previous week. Everything else held constant: price elastic, price inelastic, unit elastic, suppose kathleen sells hand painted silk scarfs and that her price elasticity of supply is . 7.
