Shifts in the supply curve, all else remaining constant, lead to

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    An increase in the market equilibrium price if the shift is due to an decrease in supply.
     An increase in the market equilibrium price if the shift is due to an increase in supply.
     A decrease in the market equilibrium price if the shift is due to an increase in supply.
     Both 1 and 3.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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Both 1 and 3.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)



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