Ask Question
20 June, 19:24

In 1 or 2 sentences, identify a change (either increase or decrease) in supply or demand that would cause the equilibrium price to increase.

+1
Answers (1)
  1. 20 June, 22:08
    0
    Changes in the supply or demand also changes the equilibrium price that is present. Increasing the demand would lead to an increase in equilibrium price. However, increasing the supply would lead to a decrease in price. So, to increase the price supply should be less.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “In 1 or 2 sentences, identify a change (either increase or decrease) in supply or demand that would cause the equilibrium price to increase. ...” 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