Multiple Choice
When the demand for a good decreases, its equilibrium price ________ and equilibrium quantity________.
A) falls; increases
B) rises; increases
C) rises; decreases
D) falls; decreases
Correct Answer:
Verified
Related Questions
Q69: Q70: Coffee and sugar are complements. If the Q71: Apples are a normal good, so if Q72: Q73: If a producer can use resources to Q75: The quantity demanded of a good or Q76: Which of the following statements is correct? Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
![]()
A)When