Equilibrium price must decrease when demand
A)increases and supply does not change,when demand does not change and supply decreases,and when demand decreases and supply increases simultaneously.
B)increases and supply does not change,when demand does not change and supply decreases,and when demand increases and supply decreases simultaneously.
C)decreases and supply does not change,when demand does not change and supply increases,and when demand decreases and supply increases simultaneously.
D)decreases and supply does not change,when demand does not change and supply increases,and when demand increases and supply decreases simultaneously.

Question

Quizplus · Accepted Answer

Equilibrium price decreases when demand decreases and supply remains constant, when demand is constant and supply increases, and when demand decreases while supply increases simultaneously.

Equilibrium Price Must Decrease When Demand