If demand increases and supply simultaneously increases, equilibrium price will rise. True or False

Equilibrium price will not change if the decrease in demand meets with a proportionate decrease in the supply TRUE/FALSE

Which of the following events must cause the equilibrium price to fall? Demand increases and supply decreases. Demand and supply both increase. Demand decreases and supply increases. Demand and supply both decrease.

If everyone thinks that the price of gas will go up next week, what is likely to happen to the demand for gasoline today?

If equilibrium price increases while equilibrium quantity decreases, then we know that: market demand has decreased. market demand has increased. market supply has decreased. market supply has increased.

Suppose the supply and demand equation are given as follow: Demand: Qd=150-3*p Supply: Qs=18+3*p What's the equilibrium price?

Suppose the supply and demand equation are given as follow: Demand: Qd=116-4*p Supply: Qs=23+2*p What's the equilibrium price?

The price of a gallon of gas moves up and down often. What this means is that, most of the time, the gasoline market is not in equilibrium. When its price goes up, what might be happening to cause this? When the price goes down, what might be happening to cause this?

Suppose a tax on gasoline is imposed on consumers in order to discourage the consumption of oil. What will shift in the market? Demand will decrease and quantity supplied will decrease. Demand will increase and quantity supplied will decrease. Demand will decrease and quantity supplied will increase. Demand will increase and quantity supplied will increase.