What happen when their is decrease in equilibrium price and increase in equilibrium quantity

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asked Nov 27, 2022 46.2k views

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Majid Joghataey · Answer 1 · 2022-12-01T11:56:45+0000

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.

What happen when their is decrease in equilibrium price and increase in equilibrium quantity

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What happen when their is decrease in equilibrium price and increase in equilibrium quantity