PLEASE HELP- this is actually economics Market: Rice
Situation: The Equilibrium Price of Rice has fallen while the Quantity Demanded in
the Market has increased.
For the market and situation described above complete the following questions:
a) Which colour will the Supply Curve be and which colour will the Demand
Curve be after changes described above?
b) Complete the following sentences
i) the Supply curve has
left, or remained unchanged)
(shifted to the right, shifted to the
ii) the Demand curve has
the left, or remained unchanged)
(shifted to the right, shifted to