Solved

If Equilibrium Price Falls and the Equilibrium Quantity of the Good

Question 149

Multiple Choice

If equilibrium price falls and the equilibrium quantity of the good purchased decreases, what has happened to either the supply curve or to the demand curve?


A) Supply increased.
B) Demand decreased.
C) Demand increased.
D) Supply decreased.

Correct Answer:

verifed

Verified

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

Related Questions