When the demand curve shifts to the left, what is this called? increase in demand decrease in demand elasticity right question 2 on a supply and demand graph, if the demand curve shifts to the left, what would be the resulting effect on equilibrium price and quantity? price will fall and quantity will fall price will fall and quantity will rise price will rise and quantity will fall price will rise and quantity will also rise question 3 input costs (rising costs and technology) subsidies taxes and regulations future expectation of prices these would change what part of the market? supply demand law of supply law of demand

The answer for question one would be decrease in demand.

1) When the demand curve shifts to the left, what is this called?

DECREASE IN DEMAND: when the demand curve shifts to the left the whole demand will decrease at every given price.

2) On a supply and demand graph, if the demand curve shifts to the left, what would be the resulting effect on equilibrium price and quantity?

BOTH THE EQUILIBRIUM PRICE AND THE EQUILIBRIUM QUANTITY WILL DECREASE: when the demand curve shifts to the left, the quantity demanded will decrease at every given price, resulting in a decrease of the equilibrium price and equilibrium quantity.

3) Input costs (Rising costs and technology)  SHIFT THE SUPPLY CURVE TO THE LEFT, DECREASING THE QUANTITY SUPPLIED AND QUANTITY DEMANDED, AND INCREASING THE EQUILIBRIUM PRICE.

Subsidies : SHIFT THE SUPPLY CURVE TO THE RIGHT, INCREASING THE QUANTITY SUPPLIED AND DEMANDED, AND DECREASING THE EQUILIBRIUM PRICE.

Taxes and Regulations : HIGHER TAXES AND REGULATIONS WILL SHIFT THE SUPPLY CURVE TO THE LEFT, DECREASING THE QUANTITY SUPPLIED AND DEMANDED, AND INCREASING THE EQUILIBRIUM PRICE.

Future expectation of prices: IF SUPPLIERS BELIEVE THAT THE PRICE WILL INCREASE IN THE FUTURE, FIRST THEY WILL DECREASE THE CURRENT QUANTITY SUPPLIED BUT THEY WILL PREPARE THEMSELVES TO INCREASE THE QUANTITY SUPPLIED.

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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