joelynch890
joelynch890 joelynch890
  • 09-01-2019
  • Business
contestada

When supply goes down and/or consumer demand goes up, what usually happens to the price?

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Аноним Аноним
  • 09-01-2019

demand decreases, and supply increases. This is easy, the price will drop for sure, but if supply curve shifts right a lot more than the demand curve shifts left, then the new equilibrium point will mean more quantity is supplied at a much lower price. demand increases, and supply decreases.

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webtoe
webtoe webtoe
  • 09-01-2019
I think the price may go up because if demand goes up and supply go down people will pay more for it Hope this helps
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