an increase in demand means that
Answers
Answered by
2
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.
Answered by
0
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.
Hope it helps ❤️
Similar questions