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If demand increases and supply decreases:

Kyuubi

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7 years ago

If demand increases and supply decreases:

If demand increases and supply decreases:
A) price and quantity will both rise
B) price will rise but the effect on quantity is indeterminate
C) quantity will rise but the effect on price is indeterminate
D) price and quantity will both fall

Textbook

Microeconomics

Edition: 2^nd

Author: James

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Engel

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#1

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Kyuubi Author

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7 years ago

Correct

TY

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Just got PERFECT on my quiz

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