Question

equilibrium price remain the same when
1 increase in demand =increases in supply
2 increase in demand >decrease in supply
3 decrease in demand >increase in supply
4 increase in demand = decrease in supply​

Answer 1

Answer:

decrease in demand will cause the equilibrium price to fall; quantity supplied will decrease. An increase in supply, all other things unchanged, will cause the equilibrium price to fall; quantity demanded will increase. A decrease in supply will cause the equilibrium price to rise; quantity demanded will decrease.