What will happen if demand increases and supply decreases, Microeconomics

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What will happen if demand increases and supply decreases

Suppose demand increases and supply decreases. Which of the following will happen?

a. Equilibrium price will rise, fall, or stay the same while equilibrium quantity will decrease.
b. Equilibrium price will rise, fall, or stay the same while equilibrium quantity will increase.
c. The change in equilibrium price and quantity cannot be determined.
d. Equilibrium quantity will rise, fall, or stay the same while equilibrium price will decrease.
e. Equilibrium quantity will rise, fall, or stay the same and equilibrium price will increase.

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Microeconomics: What will happen if demand increases and supply decreases

Reference No:- TGS042814

Have a Question? (oR Write a Review)

Recent Questions Asked Microeconomics

Q : Standards of financial accounting and reporting

Q : Prepare the journal entry to record accrued payroll taxes

Q : Recommend the most advantageous tax filing status

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Ask an Expert for Answer!!

Microeconomics: What will happen if demand increases and supply decreases

Reference No:- TGS042814

Recent Questions Asked Microeconomics

Q : Standards of financial accounting and reporting

Q : Prepare the journal entry to record accrued payroll taxes

Q : Recommend the most advantageous tax filing status

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