For a given supply curve, an increase in demand will typically ...

[Tirant22]

For a given supply curve, an increase in demand will typically
 a. increase price, but quantity could change in either direction
  b. increase quantity, but price could change in either direction
  c. increase price but leave quantity unchanged
  d. decrease both quantity and price
  e. increase both quantity and price

Question 2

What is the effect of a decrease in the price of potato chips on the market for pretzels?
 a. Both equilibrium price and equilibrium quantity rise.
  b. Both equilibrium price and equilibrium quantity fall.
  c. Equilibrium price rises and equilibrium quantity falls.
  d. Equilibrium price falls and equilibrium quantity rises.
  e. Equilibrium price and equilibrium quantity remain unchanged.

[makaylafy]

Answer to Question 1

E

Answer to Question 2

B

[Tirant22]

Thanks for the timely response, appreciate it

[momolu]

TYSM