Answer
(c) The equilibrium price may rise or fall.
Work Step by Step
The equilibrium price may rise or fall but the equilibrium quantity will rise for certain.
Microeconomics: Principles, Problems, & Policies, 20th Edition
by McConnell, Campbell; Brue, Stanley; Flynn, Sean
Published by
McGraw-Hill Education
ISBN 10:
0077660811
ISBN 13:
978-0-07766-081-9
Chapter 3 - Demand, Supply, and Market Equilibrium - Appendix - Problems - Page 81: 2
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