What combination of changes would most likely decrease the equilibrium price?Multiple Choicewhen demand decreases and supply decreaseswhen supply increases and demand decreaseswhen supply decreases and demand increaseswhen demand increases and supply increases
Question
What combination of changes would most likely decrease the equilibrium price?Multiple Choicewhen demand decreases and supply decreaseswhen supply increases and demand decreaseswhen supply decreases and demand increaseswhen demand increases and supply increases
Solution
The combination of changes that would most likely decrease the equilibrium price is when supply increases and demand decreases.
Here's why:
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An increase in supply means that more of a product or service is available. When there's more of something available than people want to buy, sellers often lower the price to encourage more purchases.
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A decrease in demand means that fewer people want to buy the product or service. When fewer people want to buy something, sellers often lower the price to try to stimulate demand.
So, when supply increases and demand decreases, the price is likely to decrease.
Similar Questions
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 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.
A market experiencing a supply shift will see its equilibriumMultiple choice question.price change, but its quantity be unchanged.price and quantity both change.quantity change, but its price be unchanged.
If both demand and supply change simultaneously, the effect on either price or quantity will be .
Which of these results in an increase in both price and quantity?A.A demand increaseB.A supply increaseC.A demand decreaseD.A supply decrease
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