Illustrate what would happens if there demand decreases

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Q. describe some form of private spending that represent consumption and some forms that represent investment .The national income accounts include tuition as a part of consumer spending. In your opinion, are the resources you devote to your education a form of comsumption or a form of investment?

Q. A market is in equilibrium with equilibrium quantity Q* and equilibrium price P*.

What happens to P* if there is a decrease in supply?

What happens to Q* if there is an increase in supply and an increase in demand

Illustrate what would happens to P* if there is a decrease in demand followed by an increase in supply followed by another decrease in demand?

Reference no: EM1345100

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