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As the Market Moves Toward the Equilibrium Price, the Quantity Demanded __ and the Quantity Supplied __ A. Decreases ; Decreases B.

Soru

As the market moves toward the equilibrium price, the quantity demanded __ and the quantity supplied __ A. decreases ; decreases B. decreases ; increases C. increases ; decreases D. increases ; increases

Çözüm

4.1 (378 Oylar)
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Cevap

D. increases ; increases

Daha Fazla

## Step 1The problem is about the behavior of the market as it moves towards the equilibrium price. The equilibrium price is the price at which the quantity demanded by consumers equals the quantity supplied by producers.## Step 2As the market moves towards this equilibrium price, the quantity demanded by consumers increases. This is because as the price decreases, consumers are more likely to buy more of the product.## Step 3Simultaneously, the quantity supplied by producers also increases. This is because as the price increases, producers are more likely to produce and sell more of the product.## Step 4Therefore, both the quantity demanded and the quantity supplied increase as the market moves towards the equilibrium price.