Which of the following will definitely result in an increase in the equilibrium price
Which of the following would result in an increase in equilibrium?Answer and Explanation: The answer is C. Demand increases and supply decreases. In general, equilibrium price will increase when demand increases or supply decreases, or both.
How would cause the highest price equilibrium increase?If there is a decrease in supply of goods and services while demand remains the same, prices tend to rise to a higher equilibrium price and a lower quantity of goods and services.
Which statement always results in an increase in equilibrium price and an increase in equilibrium quantity?D. A shift to the right of a demand curve along an upward sloping supply curve (all supply curves are upward sloping) will cause the equilibrium price to increase and the equilibrium quantity to increase.
How would an increase in affect the equilibrium price in a market?Overview of Changes in Equilibrium Prices
An increase in supply causes the equilibrium price to fall, while a decrease in supply causes the equilibrium price to rise.
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