A decrease in demand causes what changes in a market?
A) Price increases, and quantity decreases.
B) Price decreases, and quantity increases.
C) Price increases, and quantity increases.
D) Price decreases, and quantity decreases.
Correct Answer:
Verified
Q61: Why does an increase in demand cause
Q62: Why does the equilibrium quantity change when
Q63: How does the price and quantity change
Q64: How does the price and quantity change
Q65: How does the price and quantity change
Q67: Why does a decrease in demand cause
Q68: Why does the equilibrium quantity change when
Q69: How do the price and quantity change
Q70: How do the price and quantity change
Q71: How do the price and quantity change
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