Business, 11.02.2020 03:30 computer15
Suppose there is an increase in demand in a market and no change in the supply. What will happen to the market equilibrium price and quantity?
a. Equilibrium price will fall; equilibrium quantity will rise.
b. Equilibrium price will rise; equilibrium quantity will fall.
c. Equilibrium price will rise; equilibrium quantity will rise.
d. Equilibrium price will fall; equilibrium quantity will fall.
Answers: 2
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Suppose there is an increase in demand in a market and no change in the supply. What will happen to...
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