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Supply and Demand Quiz
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Supply and Demand Quiz

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@UnlimitedDream

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Questions and Answers

What happens to price when demand increases and supply remains constant?

  • It decreases
  • It remains constant
  • It increases (correct)
  • It fluctuates

    • If both demand and supply decrease, what happens to the equilibrium price?

  • It decreases
  • It fluctuates
  • It increases
  • It remains constant (correct)

    • What is likely to happen if there is an increase in supply but no change in demand?

  • Price remains constant
  • Price decreases (correct)
  • Price increases
  • Price fluctuates

    • What happens to the equilibrium price if demand increases and supply decreases?

    <p>Decreases</p> Signup and view all the answers

    If both demand and supply increase, what happens to the equilibrium quantity?

    <p>Increases</p> Signup and view all the answers

    If there is a decrease in demand and no change in supply, what happens to the equilibrium price?

    <p>Decreases</p> Signup and view all the answers

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