CA Foundation Exam > CA Foundation Questions > Suppose that the supply of cameras increases ...
Start Learning for Free
Suppose that the supply of cameras increases due to an increase in foreign imports. Which of the following will most likely occur?
- a)the equilibrium price of cameras will increase.
- b)the equilibrium quantity of cameras exchanged will decrease.
- c)the equilibrium price of camera film will decrease.
- d)the equilibrium quantity of camera film exchanged will increase.
Correct answer is option 'D'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
Suppose that the supply of cameras increases due to an increase in for...
Explanation:
When the supply of cameras increases due to an increase in foreign imports, it will lead to a shift in the supply curve of cameras to the right. This will cause a change in the equilibrium price and quantity of both cameras and camera film.
Effects of increase in supply of cameras:
1. Equilibrium price of cameras will decrease: Due to an increase in supply, the equilibrium price of cameras will decrease as producers will have to lower the price of cameras to remain competitive in the market.
2. Equilibrium quantity of cameras exchanged will increase: With the decrease in price, the quantity of cameras demanded by consumers will increase. This will lead to an increase in the equilibrium quantity of cameras exchanged.
Effects on camera film:
1. Equilibrium price of camera film will decrease: As the supply of cameras increases, the demand for camera film will decrease. This will lead to a decrease in the equilibrium price of camera film.
2. Equilibrium quantity of camera film exchanged will increase: With the decrease in price, the quantity of camera film demanded by consumers will increase. This will lead to an increase in the equilibrium quantity of camera film exchanged.
Therefore, option D is the correct answer as an increase in the supply of cameras will lead to an increase in the equilibrium quantity of camera film exchanged.
When the supply of cameras increases due to an increase in foreign imports, it will lead to a shift in the supply curve of cameras to the right. This will cause a change in the equilibrium price and quantity of both cameras and camera film.
Effects of increase in supply of cameras:
1. Equilibrium price of cameras will decrease: Due to an increase in supply, the equilibrium price of cameras will decrease as producers will have to lower the price of cameras to remain competitive in the market.
2. Equilibrium quantity of cameras exchanged will increase: With the decrease in price, the quantity of cameras demanded by consumers will increase. This will lead to an increase in the equilibrium quantity of cameras exchanged.
Effects on camera film:
1. Equilibrium price of camera film will decrease: As the supply of cameras increases, the demand for camera film will decrease. This will lead to a decrease in the equilibrium price of camera film.
2. Equilibrium quantity of camera film exchanged will increase: With the decrease in price, the quantity of camera film demanded by consumers will increase. This will lead to an increase in the equilibrium quantity of camera film exchanged.
Therefore, option D is the correct answer as an increase in the supply of cameras will lead to an increase in the equilibrium quantity of camera film exchanged.
Free Test
FREE
| Start Free Test |
Community Answer
Suppose that the supply of cameras increases due to an increase in for...
If the supply of camera films increase due of foreign imports of camera films the equilibrium quantity of camera films will increase as the supply is increasing. There also might be a slight decrease in the price of camera films if the forces are to come back to equilibrium.
Attention CA Foundation Students!
To make sure you are not studying endlessly, EduRev has designed CA Foundation study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in CA Foundation.
|
Explore Courses for CA Foundation exam
|
|
Similar CA Foundation Doubts
Top Courses for CA FoundationView all
Suppose that the supply of cameras increases due to an increase in foreign imports. Which of the following will most likely occur?a)the equilibrium price of cameras will increase.b)the equilibrium quantity of cameras exchanged will decrease.c)the equilibrium price of camera film will decrease.d)the equilibrium quantity of camera film exchanged will increase.Correct answer is option 'D'. Can you explain this answer?
Question Description
Suppose that the supply of cameras increases due to an increase in foreign imports. Which of the following will most likely occur?a)the equilibrium price of cameras will increase.b)the equilibrium quantity of cameras exchanged will decrease.c)the equilibrium price of camera film will decrease.d)the equilibrium quantity of camera film exchanged will increase.Correct answer is option 'D'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Suppose that the supply of cameras increases due to an increase in foreign imports. Which of the following will most likely occur?a)the equilibrium price of cameras will increase.b)the equilibrium quantity of cameras exchanged will decrease.c)the equilibrium price of camera film will decrease.d)the equilibrium quantity of camera film exchanged will increase.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Suppose that the supply of cameras increases due to an increase in foreign imports. Which of the following will most likely occur?a)the equilibrium price of cameras will increase.b)the equilibrium quantity of cameras exchanged will decrease.c)the equilibrium price of camera film will decrease.d)the equilibrium quantity of camera film exchanged will increase.Correct answer is option 'D'. Can you explain this answer?.
Suppose that the supply of cameras increases due to an increase in foreign imports. Which of the following will most likely occur?a)the equilibrium price of cameras will increase.b)the equilibrium quantity of cameras exchanged will decrease.c)the equilibrium price of camera film will decrease.d)the equilibrium quantity of camera film exchanged will increase.Correct answer is option 'D'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Suppose that the supply of cameras increases due to an increase in foreign imports. Which of the following will most likely occur?a)the equilibrium price of cameras will increase.b)the equilibrium quantity of cameras exchanged will decrease.c)the equilibrium price of camera film will decrease.d)the equilibrium quantity of camera film exchanged will increase.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Suppose that the supply of cameras increases due to an increase in foreign imports. Which of the following will most likely occur?a)the equilibrium price of cameras will increase.b)the equilibrium quantity of cameras exchanged will decrease.c)the equilibrium price of camera film will decrease.d)the equilibrium quantity of camera film exchanged will increase.Correct answer is option 'D'. Can you explain this answer?.
Solutions for Suppose that the supply of cameras increases due to an increase in foreign imports. Which of the following will most likely occur?a)the equilibrium price of cameras will increase.b)the equilibrium quantity of cameras exchanged will decrease.c)the equilibrium price of camera film will decrease.d)the equilibrium quantity of camera film exchanged will increase.Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of Suppose that the supply of cameras increases due to an increase in foreign imports. Which of the following will most likely occur?a)the equilibrium price of cameras will increase.b)the equilibrium quantity of cameras exchanged will decrease.c)the equilibrium price of camera film will decrease.d)the equilibrium quantity of camera film exchanged will increase.Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Suppose that the supply of cameras increases due to an increase in foreign imports. Which of the following will most likely occur?a)the equilibrium price of cameras will increase.b)the equilibrium quantity of cameras exchanged will decrease.c)the equilibrium price of camera film will decrease.d)the equilibrium quantity of camera film exchanged will increase.Correct answer is option 'D'. Can you explain this answer?, a detailed solution for Suppose that the supply of cameras increases due to an increase in foreign imports. Which of the following will most likely occur?a)the equilibrium price of cameras will increase.b)the equilibrium quantity of cameras exchanged will decrease.c)the equilibrium price of camera film will decrease.d)the equilibrium quantity of camera film exchanged will increase.Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of Suppose that the supply of cameras increases due to an increase in foreign imports. Which of the following will most likely occur?a)the equilibrium price of cameras will increase.b)the equilibrium quantity of cameras exchanged will decrease.c)the equilibrium price of camera film will decrease.d)the equilibrium quantity of camera film exchanged will increase.Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Suppose that the supply of cameras increases due to an increase in foreign imports. Which of the following will most likely occur?a)the equilibrium price of cameras will increase.b)the equilibrium quantity of cameras exchanged will decrease.c)the equilibrium price of camera film will decrease.d)the equilibrium quantity of camera film exchanged will increase.Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice CA Foundation tests.
|
|
Explore Courses for CA Foundation exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup