Respuesta :
Equilibrium price will unambiguously increase when supply decreases and demand does not change or when supply decreases and demand increases. This is true.
What is equilibrium price?
It should be noted that equilibrium price simply means the price at which the quantity demanded and the quantity price are the same.
It should be noted price will rise if supply remains constant while demand rises. Price rises when the demand curve shifts to the right. Price will rise when supply declines and demand remains constant. Price rises as the supply curve shifts to the left.
Price will rise when demand rises and supply declines at the same time. Price will grow unmistakably as a result of a rightward movement in the demand curve and a leftward shift in the supply curve, but changes in quantity will be less clear.
Therefore, equilibrium price will unambiguously increase when supply decreases and demand does not change or when supply decreases and demand increases. This is true.
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Equilibrium price will unambiguously increase when supply decreases and demand does not change or when supply decreases and demand increases.
True or false?
