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2 years ago

A decrease in demand while holding supply constant equilibrium price and equilibrium quantity.

1 answer:

4 0

A decrease in demand while holding supply constant results in a <u>declined </u>equilibrium price and <u>declined</u> equilibrium quantity.

<h3>How do equilibrium price and quantity change? </h3>

Reduced demand will cause the equilibrium price to fall and the supply to increase. An increase in supply will, if all else stays the same, lead to a drop in the equilibrium price and a rise in the quantity needed. As the supply decreases and the demand decreases, the equilibrium price will rise.

<h3>How are the equilibrium price and equilibrium quantity related? </h3>

Where Supply and Demand Intersect the equilibrium quantity is the amount that both parties seek equally.

Any other price causes the market to be out of equilibrium since the amount requested does not match the quantity supplied.

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I think the options are missed and hence given below for your reference:

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A decrease in demand while holding supply constant ______ equilibrium price and ______ equilibrium quantity.

A decrease in demand while holding supply constant equilibrium price and equilibrium quantity.