Solved

If Demand Decreases and Supply Increases,then the

Question 109

Multiple Choice

If demand decreases and supply increases,then the


A) equilibrium quantity increases but the effect on the equilibrium price is unknown.
B) equilibrium quantity decreases but the effect on the equilibrium price is unknown.
C) equilibrium price falls but the effect on equilibrium quantity is unknown.
D) equilibrium price rises but the effect on equilibrium quantity is unknown.
E) effect on both equilibrium price and quantity is unknown.

Correct Answer:

verifed

Verified

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

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents