Above the equilibrium point, a further rise in price tend...
Above the equilibrium point, a further rise in price tends to
Increase demand and restrict supply
Restrict demand and decrease supply
Increase demand and decrease supply
Decrease demand and increase supply
Correct answer is C
No explanation has been provided for this answer.
Similar Questions
The movement along the same curve is a ...
Environmental degradation is more associated with ...
Which of these is NOT a basic economic problem of society? ...
A tax is regressive if the ...
An economic problem exists whenever ...
Producers operating in a free market economy are more efficient as a result of ...
The logical sequence of basic concepts in economics is ...
If the demand for one commodity excludes another, it is said to be ...