Figure: Supply and Demand 2 What happens as a result of the change in demand in the diagram?
A) a decrease in both the equilibrium price and the equilibrium quantity
B) an increase in both the equilibrium price and the equilibrium quantity
C) an increase in the equilibrium price and a decrease in the equilibrium quantity
D) a decrease in the equilibrium price and an increase in the equilibrium quantity

Question

Figure: Supply and Demand 2  What happens as a result of the change in demand in the diagram?
A) a decrease in both the equilibrium price and the equilibrium quantity 
B) an increase in both the equilibrium price and the equilibrium quantity 
C) an increase in the equilibrium price and a decrease in the equilibrium quantity 
D) a decrease in the equilibrium price and an increase in the equilibrium quantity

Quizplus · Accepted Answer

The Answer of Figure: Supply and Demand 2  What happens as a result of the change in demand in the diagram?
A) a decrease in both the equilibrium price and the equilibrium quantity 
B) an increase in both the equilibrium price and the equilibrium quantity 
C) an increase in the equilibrium price and a decrease in the equilibrium quantity 
D) a decrease in the equilibrium price and an increase in the equilibrium quantity

Figure: Supply and Demand 2 What Happens as a Result