A decrease in equilibrium quantity and indeterminate change in equilibrium price is a result of which of the following?
a. A simultaneous increase in supply and demand
b. A decrease in supply and increase in demand
c. An increase in supply and decrease in demand
d. A simultaneous decrease in supply and demand
d. A simultaneous decrease in supply and demand

Question

13-12-2022
Business

contestada

A decrease in equilibrium quantity and indeterminate change in equilibrium price is a result of which of the following?
a. A simultaneous increase in supply and demand
b. A decrease in supply and increase in demand
c. An increase in supply and decrease in demand
d. A simultaneous decrease in supply and demand
d. A simultaneous decrease in supply and demand

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Parrain Parrain · Answer 1 · 2022-12-16T11:52:27+01:00

When there is a decrease in equilibrium quantity and indeterminate change in equilibrium price. this is likely as a result of b. A decrease in supply and increase in demand.

What happens when supply decreases ?

When there is a decrease in supply, the result would be that the supply curve would shift to the left to show that the equilibrium quantity has been decreased.

If there happens to be an increase in demand at the exact same time, then the demand curve would shift right. The result would be that there would be an indeterminate change in equilibrium price.

Find out more on equilibrium quantity at https://brainly.com/question/22569960

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