An increase in demand without a corresponding change in supply will lead to
Question
An increase in demand without a corresponding change in supply will lead toOptions
A)
a decrease in equilirium price and increase in equilibrium quantity
B)
an increase in equilibrium price and quantity
C)
a decrease in equilibrium price and quantity
D)
an increase in equilibrium price and a decrease in equilibrium quantity
Related Lesson: A Combined Example | Demand and Supply
The correct answer is B.
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