If both demand and supply decrease, but the decrease in supply is greater than t
ID: 1239411 • Letter: I
Question
If both demand and supply decrease, but the decrease in supply is greater than the decrease in demand, then the equilibrium price ________________ and equilibrium output ______________. Answer A. may rise, fall, or stay the same; falls B. may rise, fall, or stay the same; rises C. falls; falls D. rises; fallsIf both demand and supply decrease, but the decrease in demand is greater than the decrease in supply, then the equilibrium price _________________ and equilibrium output _____________. Answer A. falls; falls B. falls; may rise, fall, or stay the same C. may rise, fall, or stay the same; rises D. may rise, fall, or stay the same; falls
Please explain why
If both demand and supply decrease, but the decrease in supply is greater than the decrease in demand, then the equilibrium price ________________ and equilibrium output ______________. may rise, fall, or stay the same; falls may rise, fall, or stay the same; rises falls; falls rises; falls
If both demand and supply decrease, but the decrease in demand is greater than the decrease in supply, then the equilibrium price _________________ and equilibrium output _____________. Answer A. falls; falls B. falls; may rise, fall, or stay the same C. may rise, fall, or stay the same; rises D. may rise, fall, or stay the same; falls
Please explain why
If both demand and supply decrease, but the decrease in demand is greater than the decrease in supply, then the equilibrium price _________________ and equilibrium output _____________. falls; falls falls; may rise, fall, or stay the same may rise, fall, or stay the same; rises may rise, fall, or stay the same; falls A. may rise, fall, or stay the same; falls B. may rise, fall, or stay the same; rises C. falls; falls D. rises; falls
If both demand and supply decrease, but the decrease in demand is greater than the decrease in supply, then the equilibrium price _________________ and equilibrium output _____________. Answer A. falls; falls B. falls; may rise, fall, or stay the same C. may rise, fall, or stay the same; rises D. may rise, fall, or stay the same; falls
Please explain why
Explanation / Answer
a) A.may rise, fall, or stay the same; falls b) A.falls,Falls
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