Question

The equilibrium price will rise, but equilibrium quantity may increase, decrease, or stay the same if a. demand increases and supply decreases. b. demand increases and supply increases. c. demand decreases and supply increases. d. demand decreases and supply decreases. e. demand increases and supply does not change.

Answer 1

A. demand increases and supply decreases

Step-by-step explanation:

The correct answer is: The equilibrium price will rise, but equilibrium quantity may increase, decrease, or stay the same if demand increases and supply decreases