{"id":119061,"date":"2022-09-27T11:05:51","date_gmt":"2022-09-27T05:35:51","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=119061"},"modified":"2022-09-27T11:06:11","modified_gmt":"2022-09-27T05:36:11","slug":"assume-that-consumers-income-and-the-number-of-sellers-in-the-market-for-good-x-both-falls","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/assume-that-consumers-income-and-the-number-of-sellers-in-the-market-for-good-x-both-falls\/","title":{"rendered":"Assume that consumer\u2019s income and the number of sellers in the market for good X both falls. Based on this information, we can conclude with certainty that the equilibrium"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><strong>Q. Assume that consumer\u2019s income and the number of sellers in the market for good X both falls. Based on this information, we can conclude with certainty that the equilibrium:<\/strong><\/h3>\n\n\n\n<ol class=\"wp-block-list\" type=\"A\"><li>Price will decrease<\/li><li>Price will increase<\/li><li>Quantity will increase<\/li><li>Quantity will decrease<\/li><\/ol>\n\n\n\n<p>Answer: Quantity will decrease<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Q. Assume that consumer\u2019s income and the number of sellers in the market for good X both falls. Based on this information, we can conclude with certainty that the equilibrium: Price will decrease Price will increase Quantity will increase Quantity will decrease Answer: Quantity will decrease<\/p>\n","protected":false},"author":419,"featured_media":119062,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4960],"tags":[4961],"offerexpiration":[],"class_list":["post-119061","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-demand-and-supply-mcqs","tag-demand-and-supply-mcqs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/119061","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/419"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=119061"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/119061\/revisions"}],"predecessor-version":[{"id":119063,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/119061\/revisions\/119063"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/119062"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=119061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=119061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=119061"},{"taxonomy":"offerexpiration","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/offerexpiration?post=119061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}