If demand increases by a lesser amount than supply increases,then equilibrium price __________ and equilibrium quantity __________.

Name: If demand increases by a lesser amount than supply increases,then equilibrium price __________ and equilibrium quantity __________.
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Question

Quizplus · Accepted Answer

When supply increases more than demand, the equilibrium price falls due to the surplus of goods, while the equilibrium quantity rises as more goods are available and demanded.

If Demand Increases by a Lesser Amount Than Supply Increases,then