When equilibrium price rises but equilibrium quantity remains unchanged, the cause is?

Supply and demand both increase equally
Supply and demand both decrease equally
Supply decreases and demand increases
Supply increases and demand decreases

LohaHridoy

5 views

2025-01-04 04:42

1 Answers

AhmedNazir

Answer: Option 3

When equilibrium price rises but equilibrium quantity remains unchanged, the cause is supply decreases and demand increases. As price increases, it serves as an incentive for suppliers to increase supply and also leads to a fall in demand. It is important to realize that these processes continue to operate until a new equilibrium is established.

5 views Answered 2022-09-01 13:21

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