Demand and Supply Exercises
Question Description
Directions: Fill in the boxes (QD, QS, D, S, P, Q) in the next three demand and supply exercises. Based uponthe event, what can we expect to occur for the market? Use a “0” (zero) ifnothing will occur for that particular variable, a “+” (plus) if an increase,or a “-“ (negative) if a reduction. QD stands forQuantity Demanded, QS for Quantity Supplied, D for Demand, Sfor Supply, P for Price, and Q for Quantity.
Editable file attached.
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