Ask Question
28 January, 12:36

What happens to the equilibrium price when supplies goes down

+5
Answers (1)
  1. 28 January, 14:15
    0
    An equilibrium price is where the quantity of goods supplied is equal to the quantity of goods demanded. So if supplies of the said product goes down the equilibrium will go down and the price and demand will be higher.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What happens to the equilibrium price when supplies goes down ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers