Suppose the equilibrium quantity of ethanol has decreased. Which of the following could have caused this change?
A) a decrease in demand
B) an increase in supply
C) an increase in quantity demanded
D) an increase in quantity supplied

Question

Quizplus · Accepted Answer

A decrease in equilibrium quantity could only occur if there was a decrease in demand. An increase in supply, an increase in quantity demanded, or an increase in quantity supplied would cause an increase in equilibrium quantity.

Suppose the Equilibrium Quantity of Ethanol Has Decreased