Asked by Louis
in the simple economics of a competitive market price increases under which condition:
a) demand is constant. supply declines
b) demand decreases. supply increases
c) demand and supply rise concomitantly
d) demand and supply decline concomitantly
a) demand is constant. supply declines
b) demand decreases. supply increases
c) demand and supply rise concomitantly
d) demand and supply decline concomitantly
Answers
Answered by
SraJMcGin
Thank you for using the Jiskha Homework Help forum. A = there are just as many people wanting the product but less of the product.
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