Ask Question
11 October, 15:44

Suppose demand increases and supply decreases. what will happen?

+2
Answers (1)
  1. 11 October, 18:40
    0
    A decrease in demand and an increase in supply will cause a fall in equilibrium price, but the effect on equilibrium quantity cannot be determined. For any quantity, consumers now place a lower value on the good, and producers are willing to accept a lower price; therefore, price will fall.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Suppose demand increases and supply decreases. what will happen? ...” 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