If We Observe a Rise in the Equilibrium Price of Good

question 13

Multiple Choice

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

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

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