Sail E0 Webinar
Question
An increase in the demand for a good will cause
Options:
A .  an increase in equilibrium price and quantity.
B .  a decrease in equilibrium price and quantity
C .  an increase in equilibrium price and a decrease in equilibrium quantity
D .  a decrease in equilibrium price and an increase in equilibrium quantity.
Answer: Option A
:
A
An increase in the demand for a good will causean increase in equilibrium price and quantity.

Was this answer helpful ?
Next Question

Submit Solution

Your email address will not be published. Required fields are marked *

Latest Videos

Latest Test Papers