If the market price of eggs rises at the same time as the market quantity of eggs purchased decreases,this could have been caused by

Question

Quizplus · Accepted Answer

If the market price of eggs rises at the same time as the market quantity of eggs purchased decreases, it shows that there has been a decrease in supply with no change in demand. As the quantity of eggs available in the market decreases, the price for eggs increases, and consumers reduce their demand for eggs due to the high price.

If the Market Price of Eggs Rises at the Same