A decrease in the number of buyers in a market would cause equilibrium price:
A) and quantity to increase.
B) and quantity to decrease.
C) to increase and equilibrium quantity to decrease.
D) to decrease and equilibrium quantity to increase.
Correct Answer:
Verified
Q118: An increase in the equilibrium price and
Q119: A decrease in the equilibrium price and
Q120: A decrease in the equilibrium price and
Q121: An increase in the equilibrium price and
Q122: An increase in the popularity of a
Q124: The entry of new sellers into a
Q125: An increase in the cost of producing
Q126: If supply and demand both increase, then
Q127: If supply increases and demand falls, then
Q128: If there were a decrease in both
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