If Demand Rises and Supply Falls,equilibrium Price Will _____ and Equilibrium

question 164

Short Answer

If demand rises and supply falls,equilibrium price will _____ and equilibrium quantity will _____.

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Definitions:

Quebec

A province in eastern Canada, known for its French-speaking population and distinctive French-Canadian culture.

Samuel de Champlain

A French navigator, cartographer, and explorer credited with founding New France and Quebec City in the early 17th century.

1608

A year marked by significant historical events, such as the founding of the city of Quebec by the French explorer Samuel de Champlain.

Black Legend

Idea that the Spanish New World empire was more oppressive toward the Indians than other European empires; was used as a justification for English imperial expansion.