From the position of stable equilibrium, the market supply of a commodity decreases, while the market demand remains unchanged, then:

Question

TuteeHUB · Accepted Answer

NA

TuteeHUB · Answer

Equilibrium price falls

TuteeHUB · Answer

Equilibrium quantity rises

TuteeHUB · Answer

Both equilibrium price and equilibrium quantity decreases

TuteeHUB · Answer

Equilibrium price rises, but equilibrium quantity falls

1.	From the position of stable equilibrium, the market supply of a commodity decreases, while the market demand remains unchanged, then:
A.	Equilibrium price falls
B.	Equilibrium quantity rises
C.	Both equilibrium price and equilibrium quantity decreases
D.	Equilibrium price rises, but equilibrium quantity falls
Answer» E.

Discussion