When a market experiences an increase in the number of firms, what happens to the equilibrium price and quantity?
a. P* increases, * increases
b. P* increases, * decreases
c. P* decreases, * increases
d. P* decreases, * decreases

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Shalomsigalow2220idn Shalomsigalow2220idn

07-06-2024
Business

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When a market experiences an increase in the number of firms, what happens to the equilibrium price and quantity?
a. P* increases, * increases
b. P* increases, * decreases
c. P* decreases, * increases
d. P* decreases, * decreases

Sagot :

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