Share
Explore BrainMass

Equilibrum Price

Suppose that both the equilibrium price and quantity of golf clubs rise. Which of the following explanations would best explain this outcome?
a. A decrease in demand for golf clubs with no change in supply.
b. An increase in supply of golf clubs with no change in demand.
c. A decrease in demand for golf clubs and a decrease in the supply of mustard.
d. An increase in demand for golf clubs with no change in supply.

Solution Preview

d. An increase in demand for golf clubs with no change in supply. ...

Solution Summary

Equilibrum Price

$2.19