If demand increases while supply decreases for a particular good:?

Question

a) its equilibrium price will increase while the quantity of the good produced and sold could increase, decrease, or remain constant.

b) the quantity of the good produced and sold will decrease while its equilibrium price could increase, decrease, or remain constant.

c) the quantity of the good produced and sold will increase while its equilibrium price could increase, decrease or remain constant.

d) its equilibrium price will decrease while the quantity of the good produced and sold could increase, decrease, or remain constant.

Answer 1

a) its equilibrium price will increase while the quantity of the good produced and sold could increase, decrease, or remain constant.

Answer 2

a

g-unit!