what will be the effect of simultaneous increase in demand on market equilibrium.explain with diagram
Answers
Answered by
0
Answer:
An increase in demand, all other things unchanged, will cause the equilibrium price to rise; quantity supplied will increase. A decrease in demand will cause the equilibrium price to fall; quantity supplied will decrease. ... A decrease in supply will cause the equilibrium price to rise; quantity demanded will decrease
please mark as brainliest
Similar questions