Which of the following is false?
A)If demand decreases and supply increases, the equilibrium price will rise.
B)If supply decreases and demand remains the same, the equilibrium price will rise.
C)if supply increases and demand decreases, the equilibrium price will fall.
D)if demand increases and supply decreases, the equilibrium price will rise.

Question

Which of the following is false?
A)​If demand decreases and supply increases, the equilibrium price will rise.
B)​If supply decreases and demand remains the same, the equilibrium price will rise.
C)​if supply increases and demand decreases, the equilibrium price will fall.
D)​if demand increases and supply decreases, the equilibrium price will rise.

Quizplus · Accepted Answer

If demand decreases and supply increases, the excess supply will cause the price to fall, not rise.

Which of the Following Is False