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Market Equilibrium | Shifts in Supply OR Demand Flashcards | StudBud
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Market Equilibrium | Shifts in Supply OR Demand
Market Equilibrium | Shifts in Supply OR Demand
8 terms
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StudBud Administration
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306 plays
AP Economics; Macroeconomics; Logos International School
Flashcards
8 cards
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Practice quiz
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Questions
8
Answers
1
The market is in equilibrium and demand decreases.What will happen to the equilibrium quantity?
Increase
Decrease
2
The market is in equilibrium and demand decreases. What will happen to the equilibrium price?
Decrease
Increase
3
The market is in equilibrium and demand increases. What will happen to the equilibrium price?
Increase
Decrease
4
The market is in equilibrium and supply increases. What will happen to the equilibrium price?
Increase
Decrease
5
The market is in equilibrium and demand increases.What will happen to the equilibrium quantity?
Increase
Decrease
6
The market is in equilibrium and supply decreases.What will happen to the equilibrium quantity?
Increase
Decrease
7
The market is in equilibrium and supply increases.What will happen to the equilibrium quantity?
Decrease
Increase
8
The market is in equilibrium and supply decreases. What will happen to the equilibrium price?
Increase
Decrease
