Ask your own question, for FREE!
Economics - Financial Markets 17 Online
OpenStudy (erinweeks):

What happens to the equilibrium price when supply goes down? A. The price goes up. B. The price goes down. C. The price stays the same. D. The price goes up, and then goes down.

OpenStudy (anonymous):

the price will increase since theres not enough supply for people to consume, people will demand more of those goods cause the prices to increase

OpenStudy (uri):

^

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!