What happen when their is decrease in equilibrium price and increase in equilibrium quantity
1 answer
Question:
what happen when their is decrease in equilibrium price and increase in equilibrium quantity
Answers
Answer: An increase in demand, all other things unchanged, will cause the equilibrium price to rise; quantity supplied will increase. A decrease in demand will cause the equilibrium price to fall; quantity supplied will decrease. ... A decrease in supply will cause the equilibrium price to rise; quantity demanded will decrease.
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