The demand for oranges increases while the supply decreases.The equilibrium price of oranges ________,and the equilibrium quantity ________.
A) rises;decreases
B) does not change;perhaps changes but we can't say if it increases,decreases or stays the same
C) falls;perhaps changes but we can't say if it increases,decreases or stays the same
D) falls;increases
E) rises;perhaps changes but we can't say if it increases,decreases or stays the same
Correct Answer:
Verified
Q96: Q97: Assume a competitive market is in equilibrium.There Q98: When a surplus of rice occurs, Q99: Q100: If a market begins in equilibrium and Q102: A competitive market is in equilibrium.Then there Q103: Suppose the equilibrium price of movie tickets Q105: When personal computers were first produced,the price Q221: Q235: 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)the price![]()
![]()
![]()