If We Observe a Fall in the Equilibrium Price of Good

question 163

Multiple Choice

If we observe a fall in the equilibrium price of good A,we know that the demand for A has

• A)increased or the supply of A has decreased or both.
• B)increased or the supply of A has increased or both.
• C)decreased or the supply of A has increased or both.
• D)decreased or the supply of A has decreased or both.
• E)not changed.

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Definitions:

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Medium Level

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