Answer:When demand exceeds supply, prices tend to rise. ... If there is a decrease in supply of goods and services while demand remains the same, prices tend to rise to a higher equilibrium price and a lower quantity of goods and services. The same inverse relationship holds for the demand for goods and services.
Step-by-step explanation:
Answer:
Solution given:
Increase percentage=
%
=4%
<u>the percentage </u><u>increase</u><u> </u><u>is</u><u> </u><u>4</u><u>%</u><u>.</u>
I believe the answer is (0,0)
Using the factor label method, you would set up your ratio like so: