If Supply and Demand both increase: A) Equilibrium quantity will increase  B) Equilibrium price will increase  C) Equilibrium price will decrease  D) None of the other answers are necessarily correct E) Equilibrium quantity will decrease

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A: C) price must fall, but equilibrium quantity may either rise, fall or remain unchanged

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Q: . If Demand stays constant and Supply decreases     a) Equilibrium price will increase.     b)…

A: If demand stays constant and supply decreases then there will be problem of shortage.

Q: equilibrium

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Q: Which of the following statements is correct? Multiple Choice   If supply increases and demand…

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