Economy, asked by sndara, 10 months ago

Through the aid of a diagram, explain how a decrease in demand can affect market prices

Answers

Answered by BihariSwag
3

Explanation:

As you can see, an increase in demand causes the equilibrium price to rise. On the other hand, a decrease in demand causes the equilibrium price to fall. An increase in supply causes the equilibrium price to fall, while a decrease in supply causes the equilibrium price to rise.

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