Author Question: If the demand curve increases while the supply curve remains unchanged, the equilibrium price would ... (Read 91 times)

jhjkgdfhk · **on:** Jun 30, 2018

If the demand curve increases while the supply curve remains unchanged, the equilibrium price would decrease.
a. True
b. False
Indicate whether the statement is true or false

Question 2

An equilibrium price is unaffected by nonprice factors.
a. True
b. False
Indicate whether the statement is true or false