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Author Question: A decrease in demand will result in a(n) a. increase in equilibrium price and quantity b. decrease ... (Read 76 times)

deesands

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  • Posts: 514
on: Jul 1, 2018
A decrease in demand will result in a(n)
 a. increase in equilibrium price and quantity
  b. decrease in equilibrium price and quantity
  c. decrease in equilibrium price and an increase in equilibrium quantity
  d. increase in equilibrium price and a decrease in equilibrium quantity
  e. change in equilibrium price and quantity only if supply changes too

Question 2

A decrease in demand will cause a(n)
 a. increase in supply
  b. decrease in supply
  c. increase in quantity supplied
  d. increase in equilibrium price
  e. decrease in equilibrium price


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tuate

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Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

E


deesands

  • Member
  • Posts: 514
Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

tkempin

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

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