Answer:
TRUE IS THE ANSWER If there is a decrease in supply of goods and services while demand remains the same, prices tend to rise to a higher equilibrium price and a lower quantity of goods and services. ... However, when demand increases and supply remains the same, the higher demand leads to a higher equilibrium price and vice versa
Explanation:
states that quantity and price are inversely related. When price goes up quantity demanded goes down, and when price goes down, quantity demanded goes up.
Answer:
False
Explanation:
Although what the other dude said is generally true. it is not TRUE.
Prices can be inflated with no demand increase whatsoever.
