Which of the following would cause both the equilibrium price and equilibrium quantity of number two grade potatoes an inferior good to increase?

Video Transcript

solutions. We need to find what are the Quilliam effect of an increase in total factor productivity. Right. So we need to correct we need to find our answers from the options. So, first we need to explain what is total factor productivity? Total factor productivity, right? Product tv T. So if I right here for this, So if I right here for this, if there's a maser, it is a measure of productive efficiency of productive efficiency. If I died here. Effie, she n see that quantify iRS that on device, right? How much output can be, how much how to put can be generated generated from given set of inputs, set of inputs. Right? So for describing the total factor productivity, we can right here when total factor, if I write, they are meant total factor productivity productivity productivity rises dot farm supply. The farms supply if I ride here, the farm supply rises as well advises as well. Right? And if I right here causing the according the supply curve to shift, causing the supply corps supply curve to move to the right, No more to the right. So thus this will increase the output. This will increase the output, right? And this is the answer given in increased output option of maybe now let us come to other parts, this will increase the output and firm output rises, it will demand more labor rights as output prices, it will demand, it will demand more level, right? It will demand more labor, if I write here, resulting in a rise, so it results resulting in device of in rise of real wage, Right? A rise in real wage. Right? And this is the answer given in increase in real ways. Right In option # eight. Now let us come to other parts. If I arrived here an increase mint in salary or wages in salary will reduce that will will boost the cost of laser will boost the cost of laser. If I ride here. Did you sing? If I write here reducing labour's leisure consumption, right? So decreasing leisure consumption is also correct. So we can write our final answer. What are the activity? Um Effects often increase in total factor probability pro productivity. So hands we can write we can right here. AQ billion effects. Oh total factor productivity. Total factor productivity. If I write a total factor productivity increase mint. Ah If I right here answers are increasing output, option B increase in output. Next is if I right here decrease in leisure consumption and increasing railways decrease in leisure consumption and decrease increasing labor which is increasing wages. And let's read for both. The answers option our DNA. So this is the And this is the right hands. These are going to be our final answer. Thank you

Which of the following events would cause both the equilibrium price and equilibrium quantity of potatoes assumed as an inferior good to increase?

Which of the following could cause both the equilibrium price and the equilibrium quantity to fall?

Which of the following would cause both the equilibrium price and equilibrium quantity of potatoes assume that potatoes are an inferior good to decrease?

Which of the following would cause the equilibrium price to increase and the equilibrium quantity to decrease?