In which instance can we observe a rise in the equilibrium price accompanied by a decline in the equilibrium quantity?

Question

a. If both demand and supply decline, but the decline in demand exceeds the decline in supply.

b. If supply declines while demand increases, and the decline in supply exceeds the increase in demand.

c. If both demand and supply increase.

d. None of the above.

Nasir Hussain · Answer

b. If supply declines while demand increases, and the decline in supply exceeds the increase in demand...................................................................

khaled elkholy · Answer

C.is correct answer. ......................................

Deleted user · Answer

C

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Thank you

Bello Abubakar · Answer

B.................................................................

husnain tayyab · Answer

the answer b is correct of this question

Wasi Rahman Sheikh · Answer

Answer is option _____________________b

Emad Mohammed said abdalla · Answer

The correct answer was: b. If supply declines while demand increases, and the decline in supply exceeds the increase in demand..

mohamed badawy · Answer

I choose b ..............................................................

Khaled Anwar · Answer

The answer is : Option ( B ) ,,,,,,,

Mohammed Fathe Shaheem · Answer

Agreed by experts ------------------------------

Ayoub Tartir , PMP, GWCPgM, CISA, CISSP, CAP, CSSLP, FITSP-D, CEH, CHFI, CCNA, CCNA Security, Security+, Network+ · Answer

My answer is an option (B)

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In which instance can we observe a rise in the equilibrium price accompanied by a decline in the equilibrium quantity?

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