Homework Answers
a) "B"
On the equilibrium price only because both the factors will move the price to a higher level in the market.
b) "D"
If the demand in the market decreases and the supply increases then the equilibrium price will decrease in the market.
c) "B"
if the demand increases and the supply decreases then the equilibrium price will increase.
d) "A" This will increase the price because the supply has decreases and the demand increases.
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