Asked by Sincerely, Belle on May 17, 2024
Verified
When demand rises and supply remains the same,equilibrium price _______ and equilibrium quantity ____________.
Equilibrium Quantity
The amount of products or services available matches the amount desired by consumers at the current market rate.
- Investigate the repercussions of supply and demand fluctuations on market equilibrium.
- Ascertain the concept of market balance in terms of price and quantity.
Verified Answer
JE
Learning Objectives
- Investigate the repercussions of supply and demand fluctuations on market equilibrium.
- Ascertain the concept of market balance in terms of price and quantity.