a decrease in equilirium price and increase in equilibrium quantity
an increase in equilibrium price and quantity
a decrease in equilibrium price and quantity
an increase in equilibrium price and a decrease in equilibrium quantity
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Discussions (7)
B. an increase in equilibrium price and quantity. If there is an increase in demand without a change in supply, the quantity of goods available will not be able to meet the new higher demand, leading to an increase in the price of the goods to ration the limited supply among the higher number of buyers.
The correct answer is option B, since an increase in price without a corresponding increase in sulpply will lead to an increase in both equilibrium price and quantity... Tanks!
the answer is b cus an increase in demand without a corresponding increase in supply will lead to an increase in equilibrium quantity and price
the answer is D because an increase in demand will make the supplier decrease the quantity supplied and also increase the price consumer will surely buy what is been supply in the market
