kiaraborrayo8531 kiaraborrayo8531
  • 18-02-2022
  • Business
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If the demand for a product increases, then we would expect equilibrium price.

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nightbot6919
nightbot6919 nightbot6919
  • 18-02-2022

Answer: If demand increases and supply stays the same then equilibrium quantity goes up, and equilibrium price goes up. If demand decreases and supply increases then equilibrium quantity could go up, down, or stay the same, and equilibrium price will go down.

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