If a rise in supply exceeds a rise in demand, then we should expect
the equilibrium price and quantity levels will rise.
the equilibrium price will rise while the equilibrium quantity will decline.
the equilibrium price will fall while the equilibrium quantity will rise
the equilibrium price and quantity levels will decline
The equilibrium price will fall while the equilibrium quantity will rise.
In which instance can we observe a rise in the equilibrium price accompanied by a decline in the equilibrium quantity?
In which instance will both the equilibrium price and quantity rise?
An increase in demand leads to a decrease in both the equilibrium price and the equilibrium quantity. A decrease in demand leads to a rise in both the equilibrium price and the equilibrium quantity.
When both demand and supply increase, the equilibrium quantity rises but the change in equilibrium price is ambiguous.
If equilibrium price rises but equilibrium quantity remains unchanged, the cause is: