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11 Dec 2019
"An increase in supply decreases the equilibrium price. The decrease in price increases demand". The statement is:
A. false: increases in the supply decrease price.
B. false: increases in supply increase price. Decreases in price increase demand.
C. true: increases in the supply decrease price. Decreases in price increase demand.
D. false: decreases in price affect the quantity demanded, not demand.
"An increase in supply decreases the equilibrium price. The decrease in price increases demand". The statement is:
A. false: increases in the supply decrease price.
B. false: increases in supply increase price. Decreases in price increase demand.
C. true: increases in the supply decrease price. Decreases in price increase demand.
D. false: decreases in price affect the quantity demanded, not demand.
Divya SinghLv10
16 Oct 2020