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If you assume demand will go up for consumer products and/or output(aka supply) will go down under UBI. Then, prices would go up. DEMAND INCREASE AND SUPPLY DE
by sharemywin 8y ago
If you assume demand will go up for consumer products and/or output(aka supply) will go down under UBI. Then, prices would go up.
DEMAND INCREASE AND SUPPLY DECREASE:
A simultaneous increase in the willingness and ability of buyers to purchase a good at the existing price, illustrated by a rightward shift of the demand curve, and a decrease in the willingness and ability of sellers to sell a good at the existing price, illustrated by a leftward shift of the supply curve. When combined, both shifts result in an indeterminant change in equilibrium quantity and an increase in equilibrium price.
http://www.amosweb.com/cgi-bin/awb_nav.pl?s=wpd&c=dsp&k=demand+increase+and+supply+decrease http://www.amosweb.com/cgi-bin/awb_nav.pl?s=wpd&c=dsp&k=dema...
- bryanlarsen 8y agoYou're quoting a microeconomics answer to a macroeconomic question.