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