If the number of demanders for granite counter tops increases at the same time as the number of suppliers of granite counter tops decreases and the shift in demand is greater than the shift in supply, which of the following is true?<\/p>
<\/p>
Both the equilibrium quantity and price will decrease.<\/p>
Both the equilibrium quantity and price will increase.<\/p>
The equilibrium price will increase and the equilibrium quantity will increase.<\/p>
The equilibrium price will decrease and the equilibrium quantity will not change.<\/p>", "transcribed_text": "", "related_book": { "title": "Microeconomics An Intuitive Approach with Calculus", "isbn": "538453257, 978-0538453257", "edition": "1st edition", "authors": "Thomas Nechyba", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/643.jpg", "uri": "\/textbooks\/microeconomics-an-intuitive-approach-with-calculus-1st-edition-643", "see_more_uri": "\/textbooks\/business-negotiation-and-persuasion-3355" }, "free_related_book": { "isbn": "0886852129", "uri": "\/textbooks\/gre-practicing-to-take-the-gre-general-test-10th-edition-9780886852122", "name": "GRE Practicing To Take The GRE General Test", "edition": "10th Edition" }, "question_posted": "2024-06-12 18:00:21", "see_more_questions_link": "\/study-help\/questions\/business-marketing-2022-June-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/what-is-cada-and-what-are-the-key-advantages-of", "description": "What is CADA, and what are the key advantages of CADA in data analysis?", "stars": 3 }, { "url": "\/on-november-1-2014-fain-corporation-paid-principal-and-interest", "description": "On November 1 2014, Fain Corporation paid principal and interest on a 6 month, 8% note payable with a face amount of $5000. 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