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In one or two sentences, identify a change (either increase or decrease) in supply or demand that would cause the equilibrium price to increase. QUICKLY ANSWER IT I WILL GIVE BRAINIEST TO THE BEST ANSWER

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Sagot :

Explanation:

The supply or demand supports the equilibrium by the phenomenon of the stand point of price and exchange which cause an increase in the equilibrium's price and value.

Answer:  A supply curve is a graph that show the number of goods that a producer supply at a certain price at a given point in time. A decrease in supply will cause the equilibrium price to increase. When there is a decrease in supply, the price of the product in the market will increase and the equilibrium price will also increase.