question archive When there is no change in demand but there is a decrease in supply, how would this affect the equilibrium price and quantity? B
Subject:MarketingPrice:2.88 Bought3
When there is no change in demand but there is a decrease in supply, how would this affect the equilibrium price and quantity?
B. When there is no change in supply bet there is an increase in demand, how would this affect the equilibrium price and quantity?
Use graphs to illustrate these instances.