Quizzma Latest Questions

In the olive oil market, an increase in the equilibrium price and a decrease in the equilibrium quantity were observed at the same time. This may be due to

In the olive oil market, an increase in the equilibrium price and a decrease in the equilibrium quantity were observed at the same time. This may be due to:

Answer Options:

a. decrease in olive oil supply.

b. increase in olive oil demand.

c. increase in olive oil supply.

d. decrease in olive oil demand.




Leave an answer

Leave an answer

What is the capital of Egypt? ( Cairo )

1 Answer

  1. In the olive oil market, an increase in the equilibrium price and a decrease in the equilibrium quantity were observed at the same time. This may be due to a decrease in olive oil supply.

Related Questions