c. If supply falls from 52 to Sy while demand declines from Dy to Dy, does the equilibrium price rise, fall, or stay the same? Equilibrium price
c. If supply falls from 52 to Sy while demand declines from Dy to Dy, does the equilibrium price rise, fall, or stay the same?Equilibrium price (Click to select)What if only supply falls?Equilibrium price | (Click to select)What if only demand falls?If demand falls. equilibrium price (Click to select)d. Suppose that supply is fixed at S, and that demand starts at Dy. By how many litres per month would demand have to increase at each price level such that the equilibrium price per litre would be $6.00?litres per monthBy how many litres per month would demand have to increase at each price level such that the equilibrium price per litre would be $7.00?litres per month
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