An increase in demand and a simultaneous decrease in supply
Asked by admin @ in Business viewed by 257 People
There are simultaneous changes in the demand for and supply of tablet devices, with the consequences being an unambiguous decrease in the equilibrium quantity of these devices but no change in the market clearing price. What changes in the demand for and supply of tablet devices could have generated these outcomes?
a. Demand increases and supply decreases.
b. Demand decreases and supply increases.
c. Demand decreases and supply decreases.
d. Demand increases and supply increases.