Suppose That Supply for Some Good Increases and That Simultaneously

question 138

Multiple Choice

Suppose that supply for some good increases and that simultaneously the demand for the same good decreases.The result would be

• A)a decrease in P and an indeterminate change in Q.
• B)a decrease in Q and an indeterminate change in P.
• C)an increase in Q and a decrease in P.
• D)an increase in Q and an increase in P.
• E)no change in either P or Q.