If demand has a small increase and supply has a large decrease, what happens to price and quantity?

Question

If demand has a small increase and supply has a large decrease, what happens to price and quantity? price goes up and quantity goes down price goes down and quantity goes down price goes up and quantity goes up price goes down and quantity goes up

Quizzma Team · Answer

price goes up and quantity goes down.

If demand has a small increase and supply has a large decrease, what happens to price and quantity?

1 Answer