Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

what happens to price when supply and demand both decrease? A. There is no change. B. It's indeterminate C. it decreases D. it increases

what happens to price when supply and demand both decrease?

A. There is no change.

B. It's indeterminate

C. it decreases

D. it increases

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Economics Applications, Strategies and Tactics

Authors: James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

13th edition

1285420926, 978-1285962399, 978-1285947853, 1285947851, 978-1285420929

More Books

Students also viewed these Economics questions

Question

How does distillation separate the components of a mixture?

Answered: 1 week ago

Question

3. Give short, clear directions before, not during, transitions.

Answered: 1 week ago