Podcast
Questions and Answers
What happens to price and quantity when demand increases and supply decreases?
What happens to price and quantity when demand increases and supply decreases?
In a market with elastic demand and inelastic supply, what happens when the supply increases?
In a market with elastic demand and inelastic supply, what happens when the supply increases?
What is the likely outcome when both demand and supply increase by the same percentage?
What is the likely outcome when both demand and supply increase by the same percentage?
