question archive If demand decreases but supply increases, we can say that: a) equilibrium price will rise, but equilibrium quantity is indeterminate
If demand decreases but supply increases, we can say that: a) equilibrium price will rise, but equilibrium quantity is indeterminate
Subject:MarketingPrice:2.88 Bought3
If demand decreases but supply increases, we can say that:
a) equilibrium price will rise, but equilibrium quantity is indeterminate.
b) equilibrium quantity will rise, but equilibrium price is indeterminate.
c) equilibrium price will decrease, but equilibrium price is indeterminate.
d) equilibrium quantity will decrease, but equilibrium price is indeterminate.
e) we would require more information to determine the movement in price and quantity.
