One can say with certainty that equilibrium price will decline when supply:

And demand both decrease.

Increases and demand decreases.

Decreases and demand increases.

And demand both increase.

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Margaux Elysse C. SiasonLv6

29 Aug 2020

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Related questions

One can say with certainty that the equilibrium price will decline when supply:

A. increases and demand decreases.

B. decreases and demand increases.

C. and demand both increase.

D. and demand both decrease.

maroonmule868

Equilibrium quantity must increase when demand

a. increases and supply does not change, when demand does not change and supply increases, and when both demand and supply increase.
b. increases and supply does not change, when demand does not change and supply increases, and when both demand and supply decrease.
c. decreases and supply does not change, when demand does not change and supply decreases, and when both demand and supply increase.
d. decreases and supply does not change, when demand does not change and supply decreases, and when both demand and supply decrease.