Question

A decrease in demand and an increase in supply will rev: 05_07_2018 Multiple Choice increase price and affect the equilibrium quantity in an indeterminate way. affect price in an indeterminate way and decrease the equilibrium quantity. decrease price and increase the equilibrium quantity. decrease price and affect the equilibrium quantity in an indeterminate way.

Answer 1

Answer: The correct answer is : "decrease price and affect the equilibrium quantity in an indeterminate way.".

Explanation: A decrease in demand and an increase in supply will  decrease price and affect the equilibrium quantity in an indeterminate way.