Related to the Economics in Practice on p. 66: Assuming the demand for Baltimore newspapers increases while the supply of Baltimore newspapers decreases, the equilibrium ________ will definitely ________.

Question

Quizplus · Accepted Answer

If the demand for Baltimore newspapers increases while the supply of Baltimore newspapers decreases, the equilibrium price will definitely increase. This is because the increase in demand will push up the price, while the decrease in supply will further constrain the availability of the newspapers, driving up the price even more. Therefore, choice A is the best answer.

Related to the Economics in Practice on P