Top Posters
Since Sunday
8
5
z
4
n
4
t
4
3
k
3
x
3
r
3
m
3
j
3
c
3
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
westleafs westleafs
wrote...
Go to Answer
Posts: 138
Rep: 0 0
A year ago
Suppose Z is a normal good. The equilibrium price and equilibrium quantity of Z in the year 2013 was $25 and 60 units, respectively. In 2017, the equilibrium price of Z had decreased to $15 and the equilibrium quantity had also decreased to 50 units. Other things remaining the same, which of the following could explain this change?

▸ A leftward shift of the supply curve of Z

▸ A rightward shift of the supply curve of Z

▸ A leftward shift of the demand curve for Z

▸ A rightward shift of the demand curve for Z
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
Read 89 times
1 Reply
Replies
Answer verified by a subject expert
billykrabillykra
wrote...
#1
Posts: 117
Rep: 1 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

westleafs Author
wrote...

A year ago
Helped a lot
taydav
wrote...

Yesterday
Thank you, thank you, thank you!
homework1
wrote...

2 hours ago
Correct Slight Smile TY
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  847 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 153
  
 1194
  
 293
Your Opinion
What's your favorite funny biology word?
Votes: 401
Previous poll results: Which industry do you think artificial intelligence (AI) will impact the most?