Which of the following events must cause equilibrium price to fall?
A) demand increases and supply decreases
B) demand and supply both decrease
C) demand decreases and supply increases
D) demand and supply both increase
Correct Answer:
Verified
Q6: The unique point at which the supply
Q7: At the equilibrium price,the quantity of the
Q8: The dictionary defines equilibrium as a situation
Q9: Equilibrium quantity must decrease when demand
A)increases and
Q11: Buyers are able to buy all they
Q12: Another term for equilibrium price is
A)dynamic price.
B)market-clearing
Q13: Which of the following events must cause
Q14: When supply and demand both increase,equilibrium
A)price will
Q15: In a given market,how are the equilibrium
Q228: If the demand for a product increases,
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