All Else Constant,an Increase in the Number of Buyers in the Market

question 2

Multiple Choice

All else constant,an increase in the number of buyers in the market for cell phone service would cause:

• A)equilibrium price and quantity to increase.
• B)equilibrium price and quantity to decrease.
• C)equilibrium price to increase and equilibrium quantity to decrease.
• D)equilibrium price to decrease and equilibrium quantity to increase.