A decrease in demand and an increase in supply will:

Name: A decrease in demand and an increase in supply will:
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Question

Quizplus · Accepted Answer

A decrease in demand would normally result in a decrease in price, while an increase in supply would normally result in an increase in quantity. However, the direction of the price and quantity effects cannot be determined, as they depend on the relative magnitudes of the shifts in demand and supply. Therefore, the only certain outcome is that the equilibrium quantity will decrease.

A Decrease in Demand and an Increase in Supply Will