Assume a competitive market is in equilibrium. There is an increase in demand, but no change in supply. As a result the equilibrium price ________, and the equilibrium quantity ________.

If a market is in equilibrium and demand increases while supply decreases, the change in the equilibrium

A.indeterminate;positive
B.positive;indeterminate
C.positive;negative
D.positive;positive正确答案：positive;indete…阅读详情>>""

Assume the equilibrium price in a competitive market is $20.

A、Price: Increase Quantity: Decrease
B、Price: Increase Quantity: Increase
C、Price: Decrease Quantity: Decrease
D、Price: Decrease Quantity: Increase
E、Price: Not change Quantity: Not Change

A competitive market is in long-run equilibrium.

A decrease in the demand for bananas with no concurrent change in the supply of bananas will result in

A.lower;lower
B.higher;unchanged
C.higher;higher
D.higher;lower正确答案：lower;lower