If demand rises and supply remains the same,equilibrium price will _____ and equilibrium quantity will _____.
A) rise,rise
B) fall,fall
C) rise,fall
D) fall,rise
Correct Answer:
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Q17: Q18: As price rises,the quantity _ rises. Q19: If market price is above equilibrium price, Q20: The forces of demand and supply ensure Q21: In a market where the forces of Q23: The demand curve slopes Q24: In general demand curves slope _ and Q25: The law of supply Q26: An increase in equilibrium quantity would result Q27: Each of these is true at equilibrium
A)demanded
B)supplied
C)demanded and
A)quantity
A)upward to the right.
B)upward
A)states that price and
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