Question #247186
An decrease in the market price with a constant quantity of good that are produced can be caused by:
a. decrease in supply of a good;
b. decrease in demand for a good;
c. a simultaneous increase in demand and decrease in supply;
d. a simultaneous decrease in demand and increase in supply.
a. decrease in supply of a good;
b. decrease in demand for a good;
c. a simultaneous increase in demand and decrease in supply;
d. a simultaneous decrease in demand and increase in supply.
Expert's answer
d. a simultaneous decrease in demand and increase in supply.
Learn more about our help with Assignments: Macroeconomics
"assignmentexpert.com" is professional group of people in Math subjects! They did assignments in very high level of mathematical modelling in the best quality. Thanks a lot
#339914 on Dec 2023
#339914 on Dec 2023
Comments