Which of the following always raises the equilibrium price?

Name: Which of the following always raises the equilibrium price?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

An increase in demand combined with a decrease in supply will always raise the equilibrium price. This is because the increase in demand will shift the demand curve to the right, while the decrease in supply will shift the supply curve to the left. The intersection of these two curves will result in a higher equilibrium price.

Which of the Following Always Raises the Equilibrium Price