A Decrease in the Number of Consumers in a Market

question 128

Multiple Choice

A decrease in the number of consumers in a market causes market demand to:

• A) decrease, resulting in a surplus which will be eliminated as price rises.
• B) decrease, resulting in a surplus which will be eliminated as price falls.
• C) increase, resulting in a shortage which will be eliminated as price rises.
• D) increase, resulting in a shortage which will be eliminated as price falls.

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Definitions:

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