Suppose a market is in equilibrium then a change occurs and, Ask an Expert

Economics

Suppose a market is in equilibrium. Then a change occurs and the equilibrium price decreases while the equilibrium quantity increases. What change occurred in the market to cause these changes to price and quantity?

a. Increase in supply

b. Decrease in supply

c. Increase in demand

d. Decrease in demand

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91706288

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