In the market for candy, a decrease in the price of sugar will cause Question 13 options: A) an increase in both the equilibrium price and the equilibrium quantity. B) a decrease in the equilibrium price and an increase in the equilibrium quantity. C) an increase in the equilibrium price and a decrease in the equilibrium quantity. D) a decrease in both the equilibrium price and the equilibrium quantity.

In the market for candy, a decrease in the price of sugar will cause Question 13 options: A) an increase in both the equilibrium price and the equilibrium quantity. B) a decrease in the equilibrium price and an increase in the equilibrium quantity. C) an increase in the equilibrium price and a decrease in the equilibrium quantity. D) a decrease in both the equilibrium price and the equilibrium quantity.

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter3: Supply And Demand: Theory

Section: Chapter Questions

Problem 1WNG

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Equilibrium Price and Quantity

Equilibrium refers to a state of balance that comes about because there is equality in all forces.

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In the market for candy, a decrease in the price of sugar will cause

Question 13 options:

A)	an increase in both the equilibrium price and the equilibrium quantity.

B)	a decrease in the equilibrium price and an increase in the equilibrium quantity.

C)	an increase in the equilibrium price and a decrease in the equilibrium quantity.

D)	a decrease in both the equilibrium price and the equilibrium quantity.

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