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Author Question: An increase in demand and a decrease in supply cause which of the following? a. Equilibrium price ... (Read 62 times)

asd123

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on: Jun 30, 2018
An increase in demand and a decrease in supply cause which of the following?
 a. Equilibrium price change is indeterminate.
  b. Equilibrium quantity decreases.
  c. Equilibrium price falls.
  d. Equilibrium price rises.
  e. Equilibrium quantity increases.

Question 2

An increase in both supply and demand causes which of the following?
 a. Equilibrium price falls.
  b. Equilibrium price rises.
  c. Equilibrium price change is indeterminate.
  d. Equilibrium quantity decreases.
  e. Equilibrium quantity change is indeterminate.


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mammy1697

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

c


asd123

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

LVPMS

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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