Solved

The Equilibrium Quantity Will Decrease and the Price Might Rise

Question 126

Multiple Choice

The equilibrium quantity will decrease and the price might rise, fall or stay the same when the


A) demand for a good increases and the supply of it decreases.
B) demand and the supply of a good both increase.
C) demand and the supply of a good both decrease.
D) demand for a good decreases and the supply of it increases.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions