Suppose a market is in equilibrium then a change occurs and


Suppose a market is in equilibrium. Then a change occurs and the equilibrium price decreases while the equilibrium quantity increases. What change occurred in the market to cause these changes to price and quantity?

a. Increase in supply

b. Decrease in supply

c. Increase in demand

d. Decrease in demand

Request for Solution File

Ask an Expert for Answer!!
Business Economics: Suppose a market is in equilibrium then a change occurs and
Reference No:- TGS01301803

Expected delivery within 24 Hours