A weak demand decrease together with a stronger supply increase would necessarily result in A. a lower price. B. a higher price. C. an increase in equilibrium quantity. D. A and C, only E. B and C, only.

A weak demand decrease together with a stronger supply increase would necessarily result in A. a lower price. B. a higher price. C. an increase in equilibrium quantity. D. A and C, only E. B and C, only.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter5: Elasticity

Section: Chapter Questions

Problem 16RQ: If demand is inelastic, will shifts in supply have a larger effect on equilibrium price or on...

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Question

12. A weak demand decrease together with a stronger supply increase would necessarily result in
A. a lower price.
B. a higher price.
C. an increase in equilibrium quantity.
D. A and C, only
E. B and C, only.

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