An increase in supply, all other things unchanged, will cause the equilibrium price to fall; quantity demanded

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An increase in supply, all other things unchanged, will cause the equilibrium price to fall; quantity demanded will increase. A decrease in supply will cause the equilibrium price to rise; quantity demanded will decrease.

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Principles Of Microeconomics

ISBN: 9781843317708

1st Edition

Authors: Libby Rittenberg, Timothy Tregarthen

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Question Posted: Nov 06, 2024 08:00 AM

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An increase in supply, all other things unchanged, will cause the equilibrium price to fall; quantity demanded

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Principles Of Microeconomics

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