Question

a decrease in demand will cause a decrease in price which will cause a decrease in supply?​whether the statement is true or false?justify your answer.​

Answer 1

Answer:

A decrease in demand and an increase in supply will cause a fall in equilibrium price, but the effect on equilibrium quantity cannot be determined. 1. For any quantity, consumers now place a lower value on the good, and producers are willing to accept a lower price; therefore, price will fall