Due to low rainfall the supply of potatoes decreases. At the same time, the demand for potatoes increases. In a supply and demand diagram, A. the equilibrium quantity rises B. the equilibrium quantity falls C. the change in the equilibrium quantity is ambiguous D. None of the above v.

Due to low rainfall the supply of potatoes decreases. At the same time, the demand for potatoes increases. In a supply and demand diagram, A. the equilibrium quantity rises B. the equilibrium quantity falls C. the change in the equilibrium quantity is ambiguous D. None of the above v.

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter4: The Market Forces Of Supply And Demand

Section: Chapter Questions

Problem 2CQQ

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Question

Due to low rainfall the supply of potatoes decreases. At the same time, the demand for
potatoes increases. In a supply and demand diagram,
A. the equilibrium quantity rises
B. the equilibrium quantity falls
C. the change in the equilibrium quantity is ambiguous
D. None of the above
V.

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