The Demand for Cat Food Decreases While the Supply Increases

question 88

Multiple Choice

The demand for cat food decreases while the supply increases. The equilibrium price of cat food ________, and the equilibrium quantity ________.

• A) falls; perhaps changes but we can't say if it increases, decreases or stays the same
• B) rises; perhaps changes but we can't say if it increases, decreases or stays the same
• C) rises; decreases
• D) does not change; increases
• E) falls; increases

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