Card 1 of 22
After an increase in demand, how do equilibrium price and quantity move?
A
The supply curve shifted left.
B
Higher price brings extra supply along the supply curve.
C
Both rise.
D
900 thousand tubs a week.
Card 1 of 22
2.4.6 Market forces and equilibrium Flashcards
22 flashcards on OCR GCSE Economics 2.4.6 Market forces and equilibrium: the key terms, formulae and calculations you need to recall for Component 01 and Component 02.