Given a Positively Sloped Supply Curve, a Rise in the Demand

question 44

Multiple Choice

Given a positively sloped supply curve, a rise in the demand for that commodity causes

• A)a decrease in the equilibrium price and an increase in the equilibrium quantity exchanged.
• B)an increase in both the equilibrium price and the equilibrium quantity exchanged.
• C)a fall in sales of that commodity.
• D)a shortage of other goods.
• E)a decrease in both the equilibrium price and the equilibrium quantity exchanged.

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