Print estion 16 of 22 Map po Sapling Learning There has been a sudden influx of

Question

Print estion 16 of 22 Map po Sapling Learning There has been a sudden influx of refugees in the small town of Dallon, leading to a doubling of the local population. The graph below depicts Dallon's market for food. Adjust the graph to show the immediate impact that this rise in population has on the food market. In the short run, the doubling of the population causes the following effects. Effect on equilibrium price O increases O decreases O remains constant O change is ambiguous Supply Effect on equilibrium quantity: Demand O increases O decreases O remains constant O change is ambiguous Quantity PreviousCheck Answer Next

Explanation / Answer

Answer:- In the short run the doubling of the population, will increase the demand and this will shift to the right, due to this the equilibrium price increases.

Also Equilibrium quantity increases.

Related Questions

Navigate

• Browse (All)
• Browse P
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.