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Author Question: A decrease in demand leads to a (an): a. increased equilibrium price and an increased equilibrium ... (Read 62 times)

mrsjacobs44

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on: Jun 30, 2018
A decrease in demand leads to a (an):
 a. increased equilibrium price and an increased equilibrium quantity.
  b. decreased equilibrium price and a decreased equilibrium quantity.
  c. decreased equilibrium price and an increased equilibrium quantity.
  d. increased equilibrium price and a decreased equilibrium quantity.

Question 2

An increased equilibrium price and a decreased equilibrium quantity results from a(an):
 a. decrease in demand.
  b. increase in supply.
  c. decrease in supply.
  d. increase in demand.


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chloejackso

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

b

Answer to Question 2

c


mrsjacobs44

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Reply #2 on: Jun 30, 2018
Correct answers!


chloejackso

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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