Multiple Choice
A decrease in demand,with supply constant,results in a(n)
A) increase in equilibrium price and a decrease in equilibrium quantity
B) decrease in equilibrium price and a decrease in equilibrium quantity
C) increase in equilibrium price and an increase in equilibrium quantity
D) increase in equilibrium price and an ambiguous effect on equilibrium quantity
E) decrease in supply
Correct Answer:
Verified
Related Questions
Q153: A decrease in equilibrium price and an
Q154: A decrease in both equilibrium price and
Q155: If there is an increase in the
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