Question

an increase in demand means that​

Answer 1

Explanation:

An increase in demand means that consumers wish to purchase more of the good at every price than before. Graphically, the demand curve shifts up to the right. As a result of an increase in demand, the equilibrium price rises as does the equilibrium quantity bought and sold. ... So, firms decrease the quantity supplied.

Answer 2

Answer

An increase in demand means that wish to purchase more of the good at every price than before. Graphically, the demand curve shifts up to the right. As a result of an increase in demand, the equilibrium price rises as does the equilibrium quantity bought and sold. ... So, firms decrease the quantity supplied.

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