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Which of the following reflects an increase in demand, while holding supply constant? a. A decrease in both equilibrium price and quantity b. An increase in equilibrium price and a decrease in equilibrium
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Which of the following reflects an increase in demand, while holding supply constant?

a. A decrease in both equilibrium price and quantity
b. An increase in equilibrium price and a decrease in equilibrium quantity
c. An increase in both equilibrium rice and quantity
d. An increase in equilibrium quantity and a decrease in equilibrium price

User DMack
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1 Answer

3 votes

Answer: C. An increase in both price and quantity

Step-by-step explanation:

User Chris Yim
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