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If the demand for a good rises by more than the supply of the good falls, then the good’s equilibrium price will __________ and its equilibrium quantity will __________
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If the demand for a good rises by more than the supply of the good falls, then the good’s equilibrium price will __________ and its equilibrium quantity will __________

User ZlZimon
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6 votes

Answer:

Rises

Rises

Step-by-step explanation:

If the demand for a good rises more than the fall in supply, both equilibrium price and quantity would increase.

Refer to the attached image for a graphical explanation.

I hope my answer helps you

If the demand for a good rises by more than the supply of the good falls, then the-example-1
User Daimajia
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