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1 answer:
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Answer:
e. Decreased; Increased
Explanation:
The market equilibrium refers to the condition in which the price and the quantity are in equilibrium if the conditions of supply (what the producers offer) and demand (what the consumers buy) don't change.
In this case we have that as the other kids decide to sell more lemonade the amount of lemonade is going to increase (equilibrium quantity) and because of this the price is going to decrease (equilibrium price).
Then when the other kids open theirown lemonade stand, the equilibrium price <u>descreased</u> and the equilibrium quantity <u>increased.</u>
