If the market supply increases and, simultaneously, market demand decreases, the new equilibrium will show:
a. market price will decrease, and market quantity exchanged could increase, decrease, or remain unchanged.
b. market price will increase, and market quantity exchanged will decrease.
c. market price will increase, and the quantity exchanged could increase, decrease, or remain the same.
d. market price could increase, decrease, or remain the same, and quantity exchanged will increase.
e. market price will increase, decrease, or remain the same, and quantity exchanged will decrease.
Question 2
If market supply decreases and, simultaneously, market demand increases, the new equilibrium will show:
a. market price will decrease, and market quantity exchanged will increase.
b. market price will increase, and market quantity exchanged will decrease.
c. market price will increase, and the quantity exchanged could increase, decrease, or remain the same.
d. market price could increase, decrease, or remain the same, and quantity exchanged will increase.
e. market price will increase, decrease, or remain the same, and quantity exchanged will decrease.
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