Question

How demand and supply affect the equilibrium price​

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. ... An increase in demand and a decrease in supply will cause an increase in equilibrium price, but the effect on equilibrium quantity cannot be detennined.

IF YOU LIKE MY ANSWER SO PLZ THANKS FOLLOW AND MARK MY ANSWER AS A BRAINLIST ANSWER...

Answer 2

Answer:

A 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.