How will the following changes in demand and or supply affect equilibrium price and equilibrium quantity: demand increases and supply increases by more? Price falls and quantity decreases. Price rises and quantity decreases. Price falls and quantity increases. Price is indeterminate and quantity increases.
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Step 1: When demand increases, the demand curve shifts to the right. Show more…
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In which of the following cases will the effect on equilibrium output be indeterminate (i.e., depend on the magnitudes of the shifts in supply and demand)? Demand remains constant and supply increases Demand increases and supply increases Demand decreases and supply increases Demand decreases and supply decreases
Suppose demand decreases and supply decreases. Which of the following will happen? Equilibrium price will rise, fall, or stay the same while equilibrium quantity will decrease. Equilibrium price will rise, fall, or stay the same while equilibrium quantity will increase. Equilibrium quantity will rise, fall, or stay the same and equilibrium price will increase. Equilibrium quantity will rise, fall, or stay the same while equilibrium price will decrease. The change in equilibrium price and quantity cannot be determined:
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