EQ price and quantity

When supply remains constant, ______ will lead to the change in equilibrium price and quantity.

An increase in supply will lead to

• increased equilibrium price and reduced quantity

• reduced equilibrium price and increased quantity

• reduced equilibrium price and reduced quantity

• increased equilibrium price and increased quantity

Decrease in demand will lead to

• upward movement of demand curve from dd to d1d1

• rightward shift in demand curve from dd to d1d1

• leftward shift in demand curve from dd to d1d1

• downward movement of demand curve from dd to d1d1

In the scenario of a decrease in demand, what is the effect on the equilibrium price and quantity?

• Price decreases, quantity remains the same

• Price increases, quantity remains the same

• Price decreases, quantity decreases

• 1. Price increases, quantity decreases

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What happens to the quantity demanded and supplied when there is an increase in demand, assuming the original price remains the same?

• Quantity demanded increases, quantity supplied decreases
  

• Quantity demanded increases, quantity supplied remains the same
  

• Quantity demanded decreases, quantity supplied increases
  

• 1. Quantity demanded remains the same, quantity supplied decreases

Which direction does the supply curve shift when there is a increase in supply?

• Rightward

• Leftward

• downward

• upward

In the scenario of a decrease in supply, what is the effect on the equilibrium price and quantity?

• Price increases, quantity decreases

• Price increases, quantity remains the same
  

• 1. Price decreases, quantity decreases

• Price decreases, quantity remains the same

What happens to the quantity demanded and supplied when there is an increase in supply, assuming the original price remains the same?

• Quantity demanded increases, quantity supplied decreases
  

• Quantity demanded decreases, quantity supplied increases
  

• Quantity demanded remains the same, quantity supplied increases
  

• Quantity demanded increases, quantity supplied remains the same