What will happen as a result of a decrease in supply?Multiple ChoiceEquilibrium price and quantity both rise.Equilibrium price and quantity both fall.Equilibrium price rises and equilibrium quantity falls.Equilibrium price falls and equilibrium quantity rises.

What happens to the market equilibrium if supply decreases and demand increases? The equilibrium price will increase and the quantity will decrease The equilibrium price will decrease and the quantity will increase The equilibrium price and quantity will both increase The equilibrium price and quantity will both decrease

What effect will a decrease in demand and an increase in supply have on equilibrium price ?Equilibrium price will fall Equilibrium price will rise Equilibrium price will be constant Sometimes price will rise and sometimes it will fall

What happens when there is a decrease in supply, but demand remains constant?Market equilibrium price fallsMarket equilibrium price risesMarket equilibrium quantity risesMarket equilibrium quantity falls

What happens when supply and demand both increase?A.Quantity increases.B.Quantity decreases.C.Price increases.D.Price decreases.

How is a market equilibrium affected by a simultaneous decrease in both supply and demand? The price may rise, fall, or remain unchanged The price will certainly rise The price will certainly fall There will be no effect on price