Market Disequilibrium and Changes in Equilibrium
AP Microeconomics · Flashcards
AP MICROECONOMICS · FLASHCARDS
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QUESTION
Identify the effect of an increase in input prices on supply.
QUESTION
What is market disequilibrium?
QUESTION
What is the effect of a decrease in demand on equilibrium quantity?
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ANSWER
Equilibrium quantity decreases. Lower demand shifts curve left, reducing equilibrium quantity.
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