When there is increase in denmanc and decrease in supply, equilibrium price: (a) Falls (c) Constant abuce (b) Rises (d) None of these

ENGR.ECONOMIC ANALYSIS
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Author:NEWNAN
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Chapter1: Making Economics Decisions
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When there is increase in demand
and decrease in supply, equilibrium
price:
(a) Falls
(c) Constant (d) None of these
ention
ng fo
(b) Rises
Transcribed Image Text:When there is increase in demand and decrease in supply, equilibrium price: (a) Falls (c) Constant (d) None of these ention ng fo (b) Rises
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