If demand for a product falls at the same time supply rises which of the following might we expect:

Select one 

a. Equilibrium price and quantity sold would fall 

b. Equilibrium price would fall and equilibrium quantity could either rise or fall 

c. Equilibrium price would rise and the equilibrium quantity could rise or fall 

d. Both the equilibrium price and the equilibrium quantity could rise or fall

Answer rating: 100% (QA)

Ans c Equilibrium price would fall and equilibrium quantity co... View the full answer