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Equilibrium Price UP OR DOWN (Choose one)
Equilibrium Quantity UP OR DOWN (Choose one)
That is it. I do not want any further explanation. Please do not use complete sentences. I just want to know Equilibrium Price UP or DOWN AND Equilibrium Quantity UP OR DOWN as described above.
1. If the demand for Donuts decreases, what happens to the equilibrium price? Quantity?
2. If the supply for Donuts increases, what happens to the equilibrium price? Quantity?
3. If the supply of Donuts decreases, what happens to the equilibrium price? Quantity?
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