Practice question
Question
What effect will a decrease in demand and an increase in supply have on equilibrium price?
Explanation
Demand falls and supply rises lowers equilibrium price; both forces reduce price.
Related blogs
Guides and insights connected to this topic
Determination of Biochemical Oxygen Demand (BOD)
IntroductionBiochemical oxygen demand or BOD is a chemical procedure for determining the uptake rate of dissolved oxygen by the biological o...
Experiment 16: Flash Cards / Models / Specimens Showing Examples of Homologous and Analogous Organs
Study homologous and analogous organs using flash cards, models and specimens of animal forelimbs and plant parts. Includes requirements, procedure and observations.
Experiment 15: Identification and Study of Symbiotic Associations (Root Nodules of Leguminous Plants, Lichens) and Parasitism (Cuscuta on Host)
Observe mutualism in legume root nodules, lichen symbiosis, and parasitism by Cuscuta on host plants using models and specimens.
Discussion
Comments
Please log in to join the discussion.
Login to commentNo comments yet. Be the first to start the discussion.