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If demand decreases and supply is constant what happens to the equilibrium price?
If demand decreases and supply is constant, the price will increase.
What happens when the supply of a product decreases?
Price increses
What happens to price as demand decreases?
Prices normally increase as demand increases and decrease as demand decreases.
What happens if price of petrolium products increased?
what happens if petrolium price is hike
If price of a product decreases what happens?
decreases means gets smaller so if you read the question again but with "gets smaller" in the place of decreases then it will answer its self.
If demand decreases and supply is constant what happens to the equilibrium price?
If demand decreases and supply is constant, the price will increase.
What happens when the supply of a product decreases?
Price increses
What happens when the supply of product decreases?
Price increses
What happens if price of petrolium products increased?
what happens if petrolium price is hike
What happens to price as demand decreases?
Prices normally increase as demand increases and decrease as demand decreases.
If price of a product decreases what happens?
decreases means gets smaller so if you read the question again but with "gets smaller" in the place of decreases then it will answer its self.
According to Adam Smith what happens when the supply of a product increases?
The price decreases.
According to Adam Smith what happens when the supply of a good decreases?
The price increases-
What happens when the supply of product decreases according to Adam smith?
The price increases
What happens to the equilibrium price when demand increases and supply decreases?
It goes up
What happens is the price falls below the market clearing price and there is no equilibrium?
Quantity of demand increases and supplies decreases.
What happens to the equilibrium price and equilibrium quantity if the demand decreases and the supply is constant?
price rises and quantity increases
