Question : A increase in demand coupled with a simultaneous and bigger decrease

Question

Question : A increase in demand coupled with a simultaneous and bigger decrease in supply will cause equilibrium:

(A)Price to go up and quantity to go down

(B)Price to go up and quantity to go up

(C)Price to go down and quantity to go down

(C)Price to go down and quantity to go up

Question : A increase in demand coupled with a simultaneous and bigger decrease in supply will cause equilibrium:

(A)Price to go up and quantity to go down

(B)Price to go up and quantity to go up

(C)Price to go down and quantity to go down

(C)Price to go down and quantity to go up

Explanation / Answer

Prices to go up and quantity will go down.

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