Related to the Economics in Practice on page 66: Assuming the demand for Baltimore newspapers ________ while the supply of Baltimore newspapers ________, the equilibrium price will definitely decrease.

Question

Quizplus · Accepted Answer

When the demand for Baltimore newspapers decreases while the supply of Baltimore newspapers increases, there is an excess supply of newspapers. This means that there are more newspapers than consumers are willing to buy at the current price. In order to clear the market, suppliers will have to lower the price of the newspapers. Therefore, the equilibrium price will definitely decrease.

Related to the Economics in Practice on Page 66: Assuming